Greek Economy 28 05 2012

EHNIKH HMOKPATIA
E TATITIKH
HELLENIC REPUBLIC
HELLENIC STATISTICAL AUTHORITY

THE GREEK ECONOMY
2012
Piraeus

.
, ,
, , .
, , ,
().
,
(. 213 1352022, email: data.dissem@statistics.gr).
.
FOREWORD
The Greek Economy publication aims to provide the latest key economic information on Greece in a clear and comprehensive manner. Written in both the
greek and english languages, it is designed for users of statistics who seek updated information on recent economic developments, as well as long-term economic trends. It provides information on major economic indicators and time
series compiled mostly by the Hellenic Statistical Authority (ELSTAT).
For further information on the data and statistics provided in The Greek Economy,
please contact the Division of Statistical Information and Publications of ELSTAT
(tel: +30 213 1352022, e-mail: data.dissem@statistics.gr).
We welcome any suggestions on the content of the publication.
Andreas V. Georgiou
President of ELSTAT
- CONTENTS
Page
1. , 2001 - 2011
2. ,
2000 - 2011
3.
2005, 2000 - 2011
4. ,
, 2001 - 2011
5. ,
, 2008 - 2011
6.
2005, , 2008 - 2011
7. ,
, , 2008 - 2011
8. - , 2006 - 2011
9. - ,
, 2006 - 2011
10. - ,
, , 2010 - 2011
11. , 2000 - 2011
12. ,
, 2009 - 2011
13. , 2000 - 2011
14. 15 , , , 2005 - 2011
15. ,
- 15 - 29 , 2000 - 2011
16. 15 ,
, 2000 - 2011
17. , 2009 - 2012
18. , . ,
2008 - 2012
19. , 2004 - 2011
20. , , 2008 - 2011
21. - , - ,
/, , 2004 - 2011
22. - , - ,
/, , 2004 - 2011
23. - , - ,
/, , , 2008 - 2011
24. - , - ,
/, ,
, 2008 - 2011
25. - , - ,
/ , ,
2004 - 2011
26. - ,
, 2004 - 2011
27. - ,
, 2004 - 2011
28. (NXI), 2006 - 2012
29.
30.
-
8
10
Table 1. Selected conomic ndicators, 2001 - 2011

Table 2. Gross Domestic Product at current prices, 2000 - 2011
10
Table 3. Gross Domestic Product at constant prices of 2005,

2000 - 2011
Table 4. Gross Domestic Product, annual volume changes,
2001 - 2011
Table 5. Gross Domestic Product at current prices, quarterly
data, 2008 - 2011
Table 6. Gross Domestic Product at constant prices of 2005,
quarterly data, 2008 - 2011
Table 7. Gross Domestic Product, annual volume changes,
quarterly data, 2008 - 2011
Table 8. Savings - Investment, 2006 - 2011
Table 9. National Accounts - Wages, productivity and labour
cost, 2006 - 2011
Table 10. National Accounts - Wages, productivity and labour
cost, quarterly data, 2010 - 2011
Table 11. Main Aggregates of General Government, 2000 - 2011
Table 12. Main Aggregates of General Government, quarterly
data, 2009 - 2011
Table 13. General Government debt, 2009 - 2011
Table 14. Population aged 15 years and over, by employment
status, quarterly data, 2005 - 2011
Table 15. Unemployment rate for total population, males - females and for persons aged 15 - 29 years, 2000 - 2011
Table 16. Employed persons aged 15 years and over, by branch
of economic activity, 2000 - 2011
Table 17. Indices of economic activity, 2009 - 2012
Table 18. CPI, HICP, Core Ination and PPI 2008 - 2012
12
14
16
18
20
21
21
22
26
30
32
34
34
36
42
44
46
48
48
50
50
52
54
56
58
60
62
Table 19. External trade balance, 2004 - 2011

Table 20. External trade balance, quarterly data, 2008 - 2011
Table 21. Imports - arrivals, exports - dispatches, by area of
origin/destination, including oil products, 2004 - 2011
origin/destination, excluding oil products, 2004 - 2011
origin/destination, including oil products, quarterly data,
2008 - 2011
origin/destination, excluding oil products, quarterly data,
2008 - 2011
origin / desination, including oil products, 2004 - 2011
Table 26. Imports - arrivals, by main product categories according to SITC, 2004 - 2011
Table 27. Exports - dispatches, by main product categories
according to SITC, 2004 - 2011
Table 28. Aggregated balance sheet of Monetary Financial Institutions (MFIs), 2006 - 2012
Table 29. Selected economic indicators of the eurozone
countries
Table 30. Selected economic indicators of the main importers
of Greek products
1. : , 2001 - 2011(8)
2001
(% , )

2005
()

()

( )

(1) ( 12)
. (2) ( 12)
(3)(4) ( 12)
-
( )
( K)(5)

4.2
4.6
5.0
0.7
4.8
-0.4
0.0
1.2
3.1
146.4
7.4
3.4
3.7
3.3
2.7
10.8
2002
3.4
4.9
4.7
7.2
9.5
-1.4
-8.4
-1.3
3.4
156.6
7.0
3.6
3.9
3.4
12.2
10.3
Table 1. GREECE: SELECTED ECONOMIC INDICATORS, 2001 - 2011(8)

2003
5.9
6.3
3.3
-0.9
11.8
-0.4
2.9
3.0
3.9
172.4
10.1
3.5
3.4
3.1
6.7
9.7
2004
4.4
2.7
3.8
3.5
0.4
1.7
17.3
5.7
2.9
185.3
7.4
2.9
3.0
3.1
4.3
10.5
2005
2.3
1.2
4.5
1.1
-6.3
1.1
2.5
-1.5
1.9
193.0
4.2
3.5
3.5
3.3
-2.0
9.9
2006
5.5
7.5
4.3
2.3
20.4
-2.0
3.1
8.2
2.5
208.9
8.2
3.2
3.3
2.2
-1.4
8.9
3.0
6.3
3.7
7.6
5.4
-3.3
6.9
14.6
3.5
222.8
6.6
2.9
3.0
2.7
5.3
8.3
2008
-0.2
0.4
4.0
-2.1
-6.7
-0.5
3.0
3.3
4.7
232.9
4.6
4.2
4.2
2.9
4.5
7.6
2009
-3.2
-6.3
-1.3
4.8
-15.2
3.0
-19.5
-20.2
2.8
231.6
-0.5
1.2
1.3
2.4
0.3
9.5
2010
-3.5
-6.5
-3.6
-7.2
-15.0
3.0
4.2
-7.2
1.7
227.3
-1.9
4.7
4.7
2.7
0.3
12.5
2011
-6.9
-9.3
-7.1
-9.1
-20.7
2.3
-0.3
-8.1
1.6
215.1
-5.4
3.3
3.1
1.0
17.7
(% )
(4)

(% , )
(4)
(6)
(7)
(4)

(
)
40.9
45.3
38.8
-4.4
2.0
103.7
40.3
45.1
39.5
-4.8
0.7
101.7
39.0
44.7
39.8
-5.7
-0.7
97.4
38.1
45.5
40.7
-7.4
-2.6
98.9
39.0
44.6
39.9
-5.6
-1.0
110.0
39.2
45.2
40.5
-6.0
-1.3
107.7
40.8
47.6
42.8
-6.8
-2.0
107.4
40.7
50.6
45.5
-9.9
-4.8
113.0
38.2
53.8
48.7
-15.6
-10.4
129.4
39.7
50.2
44.4
-10.5
-4.7
145.0
40.9
50.1
43.1
-9.2
-2.2
165.3
-7.2
-8.5
23.0
31.5
2.6
-1.4
-45.6
-6.5
-7.6
20.2
27.8
2.4
-1.3
-48.7
-6.5
-6.5
18.9
25.3
2.2
-2.3
-58.9
-5.8
-5.4
21.3
26.6
2.0
-2.4
-67.0
-7.6
-6.3
21.5
27.8
1.6
-2.9
-77.3
-11.4
-9.6
21.3
30.9
1.6
-3.5
-85.3
-14.6
-11.2
21.9
33.1
0.7
-4.2
-96.3
-14.9
-11.6
23.1
34.7
1.2
-4.6
-76.9
-11.1
-7.8
18.3
26.1
0.6
-3.9
-86.2
-10.1
-6.6
20.0
26.7
0.1
-3.6
-92.5
-9.8
-5.8
22.7
28.6
0.3
-4.2
7.9
24.7
6.4
17.4
5.8
20.4
5.9
19.8
5.9
21.2
6.7
21.1
7.2
21.5
7.2
15.9
5.7
4.2
6.5
0.0
7.6
-3.1
1.7
1.1
2.3
2.6
5.0
5.4
1.7
1.9
-1.0
-0.1
0.0
0.8
1.3
1.6
2.4
2.5
1.2
1.6
-2.8
-0.3
0.5
0.7
: , .
(1) : ().
(2) . : .
(3) : , , , .
(4) : .
(5) 2006 .
(6) , 1 . , .
(7) .
(8) 2005 - 2010 2005. 2000 - 2004 ( NACE .2),
2000 - 2004 2005 - 2010.
2007
(% change, unless otherwise indicated)

Domestic economy
GDP at constant prices of 2005
Total domestic demand (contribution)
Private consumption
Public consumption
Gross xed capital formation
Foreign balance (contribution)
Exports of goods and services
Imports of goods and services
GDP deator
GDP at current prices (billion )
GDP at current prices
CPI(1) (annual average)
HICP(2) (annual average)
Core ination(3)(4) (annual average)
Labour Cost Index - Entire economy
Unemployment (annual average rate)
Public nance (General Government)(5)
Total revenues
Total expenditures
Primary expenditures
Overall balance
Primary balance
Gross debt
(% of GDP)
Balance of payments(4)
Current account balance
Trade and services balance
Current transfers
Net income receipts
Net international investment position
(% change, unless otherwise indicated)
Interest rates and credit(4)
(6)
Lending rate
Credit to private sector(7)
Exchange rates(4)
Nominal eective exchange rate
Real eective exchange rate (CPI - based)
Source: ELSTAT, unless otherwise indicated.

(1) CPI: Consumer Price Index.
(2) HICP: Harmonized Index of Consumer Prices.
(3) Core nation: CPI excluding food, beverages, tobacco and energy.
(4) Source: Bank of Greece.
(5) From 2006 onwards, the decit and debt gures, reect also data of the Public Corporations that have been reclassied into the General Government sector.
(6) Loans to corporations, up to 1 year. Percentage at the end of December, excluding charges.
(7) Domestic credit growth to households and enterprises.
(8) GDP (and components) data for 2005 - 2010 have been revised with 2005 as benchmark year. The revision works for 2000 - 2004 have not yet
been completed (except the implementation of the new classication NACE Rev.2), and thus there is a break in the series, between the unrevised
data for 2000-2004 provided here and the revised data of 2005 - 2010 shown in the same table.
2. : , 2000 - 2011(1)
Table 2. GREECE: GROSS DOMESTIC PRODUCT AT CURRENT PRICES, 2000 - 2011(1)

( )
( )
( )
, ,
,

(2)
(2)

/

E

In mllion
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
216,062
95,680
120,382
7,943
25,533
231,102
102,134
128,969
8,275
27,259
249,131
110,015
139,115
8,187
27,038
268,157
113,854
154,303
8,447
29,576
286,851
120,311
166,540
8,208
31,819
315,272
142,677
172,595
8,428
34,007
340,978
156,220
184,759
6,838
40,258
368,131
172,866
195,266
6,864
39,581
388,904
184,031
204,873
6,197
38,383
371,532
164,921
206,610
6,370
39,647
363,033
162,404
200,629
6,296
37,764
340,759
151,186
189,573
5,846
34,107
PRODUCTION APPROACH
Output of goods and services (at basic prices)
Intermediate consumption (at purchasers' prices)
Gross value added (at basic prices)
Agriculture, hunting and forestry, shing
Industry, including energy and construction
86,907
18,518
2,619
93,434
19,526
2,067
103,890
20,262
2,762
116,281
20,784
2,656
126,513
21,590
2,864
130,159
22,747
2,292
137,663
24,882
748
148,820
28,178
673
160,293
28,558
511
160,592
25,556
524
156,569
27,127
438
149,620
25,919
404
Services
Taxes on products
Subsidies on products
122,899
98,627
97,354
1,274
24,271
31,778
29,450
2,328
154,676
33,882
52,277
-18,395
131,720
106,290
104,484
1,807
25,430
33,979
31,665
2,314
165,699
35,186
54,457
-19,271
142,895
114,238
112,432
1,806
28,656
34,937
35,211
-274
177,832
33,004
54,221
-21,218
151,367
121,937
120,037
1,900
29,430
42,205
40,165
2,040
193,572
34,509
55,649
-21,140
162,201
130,304
128,292
2,012
31,897
41,697
40,788
909
203,899
41,412
60,045
-18,633
169,662
134,725
132,207
2,518
34,937
41,322
40,020
1,302
210,984
44,807
62,741
-17,934
180,884
145,363
142,086
3,277
35,521
50,593
49,508
1,085
231,477
47,733
70,317
-22,584
195,547
155,828
152,413
3,415
39,719
57,233
53,445
3,788
252,780
52,423
82,432
-30,009
211,336
169,125
165,923
3,202
42,211
55,149
51,568
3,581
266,485
56,238
89,803
-33,565
215,518
168,169
164,646
3,523
47,349
42,421
44,141
-1,720
257,939
44,457
70,754
-26,297
210,689
169,363
165,762
3,601
41,326
36,809
37,771
-962
247,498
48,880
69,059
-20,179
199,855
162,320
158,880
3,440
37,535
31,259
30,012
1,246
231,114
51,665
67,691
-16,026
EXPENDITURE APPROACH
Final consumption expenditure
Households & PNPISH(2)
Households
PNPISH(2)
General Government
Gross capital formation
Changes in inventories
Domestic demand
External balance of goods and services
45,313
74,678
19,293
3,003
47,873
80,762
20,219
2,426
55,370
83,624
20,793
3,172
59,988
94,259
21,342
3,158
64,851
101,548
22,145
3,278
69,313
103,676
23,301
3,240
72,198
113,998
25,706
3,008
78,002
119,286
29,040
3,557
83,828
123,045
29,548
3,500
86,381
122,403
26,605
3,748
81,976
120,582
28,099
3,339
73,595
117,793
27,121
3,421
INCOME APPROACH
Compensation of emloyees
Gross operating surplus / mixed income
Taxes on production and imports
Subsidies
136,281
146,428
156,615
172,431
185,266
193,050
208,893
222,771
232,920
231,642
227,318
215,088
GROSS DOMESTIC PRODUCT at market prices
: .
(1) 2005 - 2010 2005.
2000 - 2004 ( NACE .2),
2000 - 2004 2005 - 2010.
(2) .
Source: National Accounts Division ELSTAT.

(1) Data for 2005 - 2010 have been revised with 2005 as benchmark year. The revision works for 2000 - 2004 have not yet been completed (except the
implementation of the new classication NACE Rev.2), and thus there is a break in the series, between the unrevised data for 2000 - 2004 provided
here and the revised data of 2005 - 2010 shown in the same table.
(2) Private Non-Prot Institutions Serving Households.
3. : 2005, 2000 - 2011(1)
Table 3. GREECE: GROSS DOMESTIC PRODUCT AT CONSTANT PRICES OF 2005, 2000 - 2011(1)
In mllion
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
262,468
123,388
139,816
8,600
29,749
273,232
129,275
144,805
8,558
31,239
287,705
138,047
150,768
8,241
29,749
299,128
139,221
160,475
7,514
32,123
310,919
142,581
168,611
8,325
33,070
315,272
142,677
172,595
8,428
34,007
330,861
150,203
180,658
7,145
38,743
344,091
159,816
184,213
6,657
37,286
344,103
159,309
184,740
6,507
33,274
328,354
148,138
180,325
6,582
33,402
313,567
139,708
173,915
6,543
31,423
286,371
124,138
162,313
6,705
27,787
PRODUCTION APPROACH
105,351
21,403
2,631
108,426
22,388
2,057
115,473
22,696
2,597
122,377
22,758
2,318
128,026
22,826
2,627
130,159
22,747
2,292
134,771
23,921
830
140,268
26,283
644
144,955
25,330
535
140,330
22,976
558
135,998
22,158
443
128,031
20,235
405
Services
Taxes on products

(2)
(2)

140,295
109,373
107,382
1,959
31,166
37,438
33,170
177,471
39,527
58,597
-19,396
146,095
114,806
112,249
2,709
31,398
38,908
34,774
184,733
39,522
59,274
-20,038
153,724
120,252
117,779
2,551
33,666
39,399
38,069
192,879
36,205
58,532
-22,399
157,479
124,189
121,663
2,597
33,373
46,687
42,575
203,675
37,262
60,267
-23,080
163,422
128,952
126,352
2,665
34,547
45,578
42,726
208,630
43,712
63,682
-20,000
169,662
134,725
132,207
2,518
34,937
41,322
40,020
210,984
44,807
62,741
-17,934
176,229
140,493
137,317
3,176
35,736
49,240
48,198
225,468
46,195
67,913
-21,718
184,157
145,743
142,525
3,217
38,459
54,207
50,801
238,367
49,401
77,857
-28,434
189,230
151,575
148,677
2,895
37,635
49,867
47,405
239,125
50,883
80,431
-29,526
189,152
149,669
146,520
3,148
39,454
36,599
40,221
225,880
40,973
64,181
-23,200
180,825
144,238
141,085
3,152
36,633
31,719
34,187
212,618
42,695
59,528
-17,027
167,247
133,973
131,038
2,935
33,294
27,138
27,095
194,461
42,554
54,706
-12,439
Households
PNPISH(2)
General Government
Domestic demand
158,378
165,026
170,702
180,848
188,746
193,050
203,750
209,855
209,527
202,717
195,588
182,077

( )
( )
( )
, ,
,
: .
(1) 2005 - 2010 2005.
2000 - 2004 ( NACE .2),
2000 - 2004 2005 - 2010.
(2) .
10

11
4. : , 2001 - 2011(1)
Table 4. GREECE: GROSS DOMESTIC PRODUCT, 2001 - 2011(1)
(%)

( )
( )
( )
, ,
,

(2)

(3)

(3)
Annual volume changes (%)

2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
4.1
4.8
3.6
-0.5
5.0
5.3
6.8
4.1
-3.7
-4.8
4.0
0.9
6.4
-8.8
8.0
3.9
2.4
5.1
10.8
2.9
1.4
0.1
2.4
1.2
2.8
4.9
5.3
4.7
-15.2
13.9
4.0
6.4
2.0
-6.8
-3.8
0.0
-0.3
0.3
-2.3
-10.8
-4.6
-7.0
-2.4
1.2
0.4
-4.5
-5.7
-3.6
-0.6
-5.9
-8.7
-11.1
-6.7
2.5
-11.6
2.9
4.6
-21.8
6.5
1.4
26.3
6.0
0.3
-10.8
4.6
0.3
13.3
1.7
-0.3
-12.7
3.5
5.2
-63.8
4.1
9.9
-22.4
3.3
-3.6
-16.9
-3.2
-9.3
4.4
-3.1
-3.6
-20.7
-5.9
-8.7
-8.5
4.1
5.0
0.7
3.9
4.8
4.6
0.0
1.2
-0.4
5.2
4.7
7.2
1.3
9.5
4.9
-8.4
-1.3
-1.4
2.4
3.3
-0.9
18.5
11.8
6.3
2.9
3.0
-0.4
3.8
3.8
3.5
-2.4
0.4
2.7
17.3
5.7
1.7
3.8
4.5
1.1
-9.3
-6.3
1.2
2.5
-1.5
1.1
3.9
4.3
2.3
19.2
20.4
7.5
3.1
8.2
-2.0
4.5
3.7
7.6
10.1
5.4
6.3
6.9
14.6
-3.3
2.8
4.0
-2.1
-8.0
-6.7
0.4
3.0
3.3
-0.5
0.0
-1.3
4.8
-26.6
-15.2
-6.3
-19.5
-20.2
3.0
-4.4
-3.6
-7.2
-13.3
-15.0
-6.5
4.2
-7.2
3.0
-7.5
-7.1
-9.1
-14.4
-20.7
-9.3
-0.3
-8.1
2.3
3.0
-0.2
-3.2
-3.5
-6.9

4.2
3.4
5.9
4.4
2.3
5.5
: .
(1) 2005 - 2010 2005.
2000 - 2004 ( NACE .2),
2000 - 2004 2005 - 2010.
(2) .
(3) .
( ) ()
GDP (growth rate) and Components (contribution)
30.0
5.0
15.0
Services
Taxes on products
General Government
Domestic demand(3)
External balance of goods and services(3)

(3) Contribution to GDP growth rate.
:
Domestic demand: Components
10.0
PRODUCTION APPROACH
:
xternal balance: Components
24.0

Gross Value Added
20.0
16.0
10.0
8.0
0.0
0.0
-5.0
-10.0
12
- Domestic demand
- External balance
- GDP
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
0.0
0.0
-8.0
-15.0
-30.0
- Private consumption
- GG consumption
- GFCF
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-16.0
-24.0
- Exports
- Imports
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-10.0
-20.0
- Agriculture
- Industry
- Services
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
13
5. : , T , 2008 - 2011(1)
. .
2008 Q3
2008 Q4
Table 5. GREECE: GROSS DOMESTIC PRODUCT, QUARTERLY DATA, 2008 - 2011(1)
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
In million . At current prices. on-seasonally adjusted data

2011 Q4
54,371
1,534
9,795
50,527
1,517
9,971
46,442
1,595
9,175
52,286
1,608
10,162
54,093
1,589
10,061
53,789
1,578
10,250
47,815
1,567
9,049
51,487
1,591
9,811
52,319
1,588
9,430
49,008
1,551
9,474
44,503
1,489
8,307
48,831
1,472
8,768
50,391
1,454
8,696
45,849
1,432
8,336
PRODUCTION APPROACH
43,042
7,297
135
39,040
7,956
131
35,672
5,315
118
40,516
6,456
130
42,444
6,294
140
41,960
7,491
135
37,198
6,095
70
40,086
6,696
84
41,302
7,351
112
37,983
6,984
172
34,706
5,958
74
38,591
6,430
106
40,241
6,954
106
36,081
6,576
118
Services
Taxes on products

(2)
(2)
(3)

52,967
42,204
41,420
785
10,762
13,509
12,031
1,478
66,475
18,759
23,701
-4,942
51,685
41,125
40,340
784
10,560
15,307
13,268
2,039
66,992
11,699
20,338
-8,639
50,247
40,691
39,873
818
9,555
9,739
10,622
-883
59,985
8,759
17,106
-8,347
54,345
42,567
41,679
888
11,778
10,383
11,578
-1,195
64,728
11,224
17,340
-6,116
54,300
42,949
42,034
915
11,350
9,116
10,455
-1,339
63,415
14,617
17,786
-3,169
56,627
41,962
41,060
901
14,665
13,183
11,486
1,697
69,810
9,857
18,523
-8,665
53,614
43,694
42,761
933
9,920
8,616
9,837
-1,221
62,229
9,245
17,634
-8,389
54,111
43,539
42,613
926
10,572
8,457
10,070
-1,613
62,568
12,267
16,735
-4,469
52,014
42,165
41,270
895
9,850
9,484
8,502
983
61,499
15,421
17,361
-1,940
50,951
39,965
39,118
847
10,985
10,251
9,362
889
61,201
11,948
17,329
-5,382
50,210
41,695
40,811
884
8,516
7,279
7,474
-195
57,489
9,862
16,965
-7,103
51,067
41,622
40,740
882
9,446
7,895
8,122
-227
58,962
13,091
16,898
-3,807
50,757
40,879
40,013
866
9,878
7,342
7,122
219
58,099
16,942
17,802
-860
47,820
38,125
37,317
808
9,695
8,743
7,294
1,449
56,563
11,769
16,025
-4,256
Households
PNPISH(2)
General Government(3)
Changes in inventories
Domestic demand

/

E
21,221
33,699
7,518
904
22,999
27,955
8,262
863
17,514
29,485
5,537
897
21,840
31,104
6,624
956
21,840
32,951
6,427
970
25,187
28,864
8,019
925
19,195
29,235
6,181
770
20,543
31,592
6,792
828
19,938
33,019
7,459
858
22,300
26,736
7,667
883
16,727
28,452
6,012
805
18,749
30,811
6,476
881
18,201
32,794
7,124
881
19,917
25,736
7,508
854
INCOME APPROACH
Compensation of emloyees
Gross operating surplus / mixed income
Taxes on production and imports
Subsidies
61,533
58,353
51,638
58,611
60,247
61,145
53,841
58,099
59,559
55,820
50,386
55,156
57,239
52,307

( )
, ,
,

: .
(1) .
(2) .
(3) 2009 ,
.
14

(1) Provisional data.
(3) From 2009 onwards, a new method is applied for the compilation of quarterly General Government accounts; thus the data are not comparable
with the previous quarters.
15
6. : , T , 2008 - 2011(1)
. 2005.
2008 Q3
2008 Q4

( )
, ,
,

2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
In million . At constant prices of 2005. on-seasonally adjusted data

2011 Q3
2011 Q4
48,647
1,571
8,357
45,565
1,705
8,649
41,740
1,671
7,844
45,635
1,595
8,600
47,381
1,643
8,409
45,570
1,674
8,548
42,420
1,753
7,569
44,637
1,734
8,169
45,338
1,744
7,843
41,519
1,312
7,842
38,989
1,796
6,822
41,720
1,813
7,168
43,013
1,768
7,051
38,590
1,328
6,746
PRODUCTION APPROACH
38,714
6,472
142
35,213
7,002
135
32,238
5,415
124
35,421
5,127
140
37,330
5,839
147
35,341
6,594
147
33,138
4,879
99
34,751
5,715
112
35,783
5,385
117
32,326
6,178
115
30,446
4,580
89
32,806
4,986
102
34,263
5,212
109
30,516
5,458
104
Services
Taxes on products

(2)
(2)
(3)

47,204
37,753
37,044
708
9,447
11,467
11,007
58,682
16,906
20,604
-3,671
45,991
36,615
35,911
703
9,380
14,357
12,128
60,346
10,753
18,645
-7,892
45,549
36,629
35,891
738
8,916
8,858
9,670
54,438
8,232
15,665
-7,382
47,613
37,893
37,101
791
9,714
8,169
10,557
55,823
10,474
15,702
-5,238
48,005
38,369
37,548
821
9,631
7,866
9,526
55,915
13,237
16,081
-2,924
47,984
36,778
35,980
798
11,193
11,706
10,467
59,704
9,029
16,735
-7,658
47,227
38,108
37,278
830
9,159
6,903
8,914
54,129
8,405
15,416
-6,948
46,256
36,941
36,134
807
9,329
7,697
9,119
53,966
10,671
14,340
-3,732
44,591
35,696
34,915
781
8,914
7,675
7,693
52,282
13,403
14,894
-1,655
42,750
33,492
32,758
734
9,231
9,444
8,461
52,241
10,215
14,881
-4,695
43,019
34,818
34,055
763
8,192
6,126
6,754
49,168
8,202
13,902
-5,685
42,421
34,190
33,441
749
8,228
7,134
7,329
49,574
10,757
13,697
-3,016
42,424
33,827
33,086
741
8,609
6,083
6,428
48,529
14,003
14,334
-504
39,382
31,138
30,456
682
8,266
7,795
6,584
47,190
9,592
12,773
-3,236
Households
PNPISH(2)
Domestic demand
54,972
52,438
47,024
50,605
53,063
52,022
47,202
50,228
50,605
47,549
43,448
46,575
48,090
43,964
: .
(1) .
(2) .
(3) 2009 ,
.
16

(3) From 2009 onwards, a new method is applied for the compilation of quarterly General Government accounts; thus the data are not comparable
with the previous quarters.
17
7. : , T , 2008 - 2011(1)
.
2008 Q3
( %)

( )
, ,
,


Chain-linked volume. Non-seasonally adjusted data
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
2011 Q4
0.7
-0.6
-10.6
-1.6
18.6
-7.7
-3.4
5.1
2.2
-3.5
-2.8
0.1
-2.6
4.6
0.6
0.0
-1.8
-1.2
1.6
4.9
-3.5
-2.2
8.7
-5.0
-4.3
6.2
-6.7
-8.9
-21.6
-8.3
-8.1
2.5
-9.9
-6.5
4.6
-12.3
-5.1
1.3
-10.1
-7.1
1.3
-14.0
(Year-on-year change %)
PRODUCTION APPROACH
3.5
-5.2
-17.0
-0.8
0.7
-16.7
-5.1
-11.1
2.7
-4.4
-11.1
2.0
-3.6
-9.8
3.3
0.4
-5.8
9.5
2.8
-9.9
-20.2
-1.9
11.5
-19.7
-4.1
-7.8
-20.5
-8.5
-6.3
-22.2
-8.1
-6.1
-10.1
-5.6
-12.8
-9.1
-4.2
-3.2
-6.6
-5.6
-11.7
-9.0
Services
Taxes on products
-2.9
-2.5
-4.0
-5.8
-13.6
-3.7
1.9
-8.7
3.0
-7.1
-7.0
-7.4
-2.4
-19.2
-6.8
1.3
-7.4
2.4
-10.9
-8.9
-17.5
-19.3
-19.2
-14.3
13.1
-11.1
5.7
-8.9
-8.6
-10.6
-11.3
-24.2
-10.5
-2.4
-9.8
2.7
-8.3
-7.4
-11.8
-7.3
-19.6
-8.7
0.8
-4.5
1.4
-4.9
-5.2
-3.4
-20.7
-16.4
-7.4
4.5
-3.8
2.3
-7.9
-7.0
-10.5
-17.5
-22.2
-10.6
-6.1
-14.2
3.1
Domestic demand(4)
External balance of goods and services(4)
-0.7
-4.6
-8.6
-8.0
-7.3
-5.0
-7.5

(2)
(3)

(4)

(4)
2.6
3.5
1.7
2.8
-4.9
-4.7
-1.1
-2.2
1.7
1.6
4.3
0.4
-7.6
-9.2
0.4
4.5
4.9
-0.4
-19.1
-3.2
-5.0
-3.1
-10.9
3.7
-21.4
-16.6
-9.6
-20.5
-22.9
5.2
-36.0
-16.7
-9.7
-18.6
-24.8
5.2
-31.4
-13.4
-5.0
-21.7
-22.0
1.4
-18.5
-13.7
-1.2
-16.0
-10.2
0.4
3.7
4.0
2.7
-22.1
-7.8
-0.7
2.1
-1.6
0.9
0.0
-1.3
-4.4
-4.4
-3.5
-0.8
0.4
: .
(1) .
(2) .
(3) 2009 - 2011 .
(4) .
( )
( )
GDP (y-o-y change) and
Components (contribution to GDP change)

(3) The changes are not presented due to the fact that the quarterly data of the period 2009 - 2011 are not comparable with the quarterly data of
the previous years.
(4) Contribution to GDP growth rate.
:
( )
Domestic demand: Components
(y-o-y change)
10.0
:
( )
xtrenal balance: Componets
(y-o-y change)
10.0
5.0
0.0
0.0

( )
Gross Value Added
(y-o-y change)
20.0
20.0
10.0
10.0
0.0
0.0
-10.0
-10.0
-10.0
18
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
-30.0
2009 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2011 Q4
2011 Q3
2011 Q2
2010 Q4
- Agriculture
- Industry
- Services
-20.0
-30.0
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q3
- Exports
- Imports
-20.0
- Private consumption
- GG consumption
- GFCF
-30.0
2010 Q4
2010 Q1
2010 Q2
2009 Q3
2009 Q4
2009 Q2
2008 Q4
2008 Q3
-15.0
2009 Q1
- Domestic demand
- External balance
- GDP
2008 Q4
-20.0
-10.0
2008 Q3
-5.0
19
8. : - , 2006 - 2011(1)
Table 8. GREECE: SAVINGS - INVESTMENT, 2006 - 2011(1)
.
9. : - , , 2006 - 2011(1)
Table 9. GREECE: NATIONAL ACCOUNTS - WAGES, PRODUCTIVITY AND LABOUR COST, 2006 - 2011(1)
In million . At current prices
(%)
Year-on-year change (%)
2006
2007
2008
2009
2010
2011
208,893
222,771
232,920
231,642
227,318
215,088

( /
)
0.11
0.09
0.06
0.04
0.04
0.03
Savings ratio
(Gross Savings / Gross Disposable
Income)
0.46
0.34
0.24
0.22
0.24
0.22
Gross Savings / Investment
(3)
Savings - Investment Balance
E
(Ip)
(Ig)
50,593
43,477
7,116
57,233
49,706
7,527
55,149
46,563
8,586
42,421
35,179
7,242
36,808
31,776
5,032
31,259
27,845
3,414
Investment
Private (Ip)
General Government (Ig)

(Sp)
(Sg)
23,433
31,383
-7,950
19,494
29,194
-9,700
13,418
28,619
-15,201
9,284
36,555
-27,271
8,783
28,505
-19,722
6,878
24,222
-17,344
Gross savings
Private (Sp)
General Government (Sg)
-27,160
-37,740
-41,731
-33,137
-28,025
-24,381
Use of foreign savings (Sp-Ip)+(Sg-Ig)(3)
-12,094
-15,066
-20,513
-17,227
-17,944
-23,787
1,376
-34,513
-3,271
-24,754
-3,623
-20,758
100.0
100.0
100.0
100.0
100.0
100.0
E
(Ip)
(Ig)
24.2
20.8
3.4
25.7
22.3
3.4
23.7
20.0
3.7
18.3
15.2
3.1
16.2
14.0
2.2
14.5
12.9
1.6
Investment
Private (Ip)
General Government (Ig)

(Sp)
(Sg)
11.2
15.0
-3.8
8.8
13.1
-4.4
5.8
12.3
-6.5
4.0
15.8
-11.8
3.9
12.5
-8.7
3.2
11.3
-8.1
Gross savings
Private (Sp)
General Government (Sg)
-13.0
-16.9
-17.9
-14.3
-12.3
-11.3
Private (Sp-Ip)
General Government (Sg-Ig)(4)
(% )
: .
(1) .
2011 (2006 - 2010)
2012 (2011), (2006 - 2011)
( 2012).
(2) = (
).
(3) = - [ ].

.
(4) .
0.6
-14.9
-1.4
-10.9
Private (Sp-Ip)
General Government (Sg-Ig)(4)
(3) = - [Current external balance of the Rest of the World]. National accounts concept similar to the current account balance of the BoP.
(4) Equivalent to General Government overall balance plus net capital
transfers minus acquisitions less disposals of non-nancial non-produced assets.

Use of foreign savings as percentage of GDP
0.12
-3.2
5.1
4.0
4.1
1.1
-1.0
1.3
-2.1
3.6
7.1
7.2
-1.7
-3.0
2.5
3.5
4.7
2.8
1.7
1.6
: .
(1) .
(2) .
(3) (ULC) .
-5.0
0.02
2006
2007
2008
2009
2010
2011
Unit labour cost(3)

GDP deator

(2) All branches of economic activity are included.
(3) Unit labour cost (ULC) measures the average cost of labour per unit
of output and is calculated as the ratio of labour compensation to
real GDP.
11.0
-4.8
-6.8
-8.9
-8.5
-1.8
-0.8
-1.3
3.9
0.1
-1.2
-6.1
-2.3
1.0
4.2
2.2
(3)
9.6
-5.7
-4.4
-3.2
-5.3
-0.6
-3.5
-2.3
3.9
-0.1
3.7
-0.1
1.7
2.4
1.1
1.4
: .
(1) .
(2) .
(3) (ULC) .
Compensation per
employee(2)
Labour productivity
Unit labour cost(3)
GDP deator

(2) All branches of economic activity are included.
(3) Unit labour cost (ULC) measures the average cost of labour per unit
of output and is calculated as the ratio of labour compensation to
real GDP.
: , ( )
National Accounts: Wages, productivity and labour cost (y-o-y change)
15.0
8.0
10.0
5.0
0.0
0.0
-10.0
-2.0
-15.0
-4.0
-20.0
Labour productivity
2.0
0.06
0.04
Compensation per employee(2)
10. : - , ,
, 2010 - 2011(1)
Table 10. GREECE: NATIONAL ACCOUNTS - WAGES, PRODUCTIVITY AND LABOUR COST, QUARTERLY DATA, 2010 - 2011(1)
4.0
0.0
0.08
2006
2007
2008
2009
2010
2011
- Use of foreign savings

- Private
- General Government
20
-3.3
6.0
5.0
0.10
0.00
4.0
( %)
(2)

(1) Provisional data. Macroaggregates for the total economy are estimates
of September 2011 (2006 - 2010) and February 2012 (2011), while
General Government data are the most recent estimates (March
2012).
(2) Investments: Gross Capital Formation (including inventories).

Savings ratio
6.1

Non-seasonally adjusted data
2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4
Use of foreign savings (Sp-Ip)+(Sg-Ig)(3)
-1.7
-9.7
5.0
-5.0
2006
2007
2008
2009
2010
2011
-10.0
2011Q4
-7.7
-10.2
1.4
2011Q3
-9.2
-7.7

(2)
2011Q2
-5.8
-7.2
2011
2011Q1

(Sp-Ip)+(Sg-Ig)(3)
(Sp-Ip)
(Sg-Ig)(4)
(% of GDP)
GDP
2010
2010Q4
2009
2010Q3

(Sp-Ip)+(Sg-Ig)(3)
(Sp-Ip)
(Sg-Ig)(4)
(2)
2008
2010Q2
(2)
GDP
2007
2010Q1
2006
- Compensation per employee

- Labour productivity
- Unit labour cost
21
11. : , 2000 - 2011(1)
Table 11. GREECE: MAIN AGGREGATES OF GENERAL GOVERNMENT, 2000 - 2011(1)
In mllion
2000
2001
2002
2003
2004
2005
2006
2007(2)
2008
2009
2010
2011
,
,
,

,
58,537
18,502
13,158
16,989
5,954
3,934
59,816
19,406
12,528
18,397
7,340
2,145
63,041
20,159
13,415
21,310
6,237
1,920
67,290
20,756
13,498
23,722
6,365
2,949
70,583
21,637
14,825
24,671
6,360
3,090
75,219
22,753
16,589
26,104
6,694
3,079
81,844
25,948
16,975
25,942
7,825
5,154
90,915
28,425
18,219
28,962
9,588
5,721
94,833
28,985
18,714
30,748
11,150
5,236
88,601
26,153
19,146
29,457
10,608
3,237
90,247
27,344
17,515
29,764
11,017
4,607
88,075
26,610
17,945
27,502
11,062
4,956
Revenue
Taxes on production and imports, receivable
Taxes on income and property, receivable
Social contributions
Other
Capital transfers, receivable

,

,
,
,
,
63,626
53,572
14,270
20,155
8,778
192
1,388
8,789
10,054
66,318
56,861
15,180
22,499
9,063
195
1,442
8,482
9,457
70,614
61,873
17,308
24,184
10,229
205
1,563
8,384
8,741
77,143
68,556
18,641
27,332
10,387
238
2,393
9,565
8,587
84,333
75,347
21,345
28,873
10,155
240
3,421
11,313
8,986
86,097
77,090
22,384
31,814
10,884
257
3,321
8.,430
9.007
94,407
84,629
23,334
35,625
12,387
277
3,239
9,767
9,778
106,009
95,325
25,464
39,941
15,030
144
3,631
11,115
10,684
117,963
106,026
27,986
45,757
15,067
70
3,981
13,165
11,937
124,646
112,729
31,002
48,972
17,135
123
3,486
12,011
11,917
114,106
100,913
27,770
47,220
13,692
129
3,358
8,744
13,193
107,769
92,739
26,066
47,026
9,740
110
2,491
7,306
15,030
Total expenditure
Primary expenditure
Compensation of employees, payable
Social benets
Goods and services
Subsidies, payable
Other current transfers, payable
Capital transfers, payable
Interest payments

(3)
(4)
4,965
-5,089
-5,031
2,955
-6,502
-6,542
1,168
-7,573
-7,465
-1,266
-9,853
-9,738
-4,764
-13,750
-13,940
-1,871
-10,879
-10,540
-2,785
-12,563
-11,973
-4,410
-15,094
-14,418
-11,193
-23,130
-22,866
-24,128
-36,045
-36,103
-10,666
-23,859
-23,521
-4,664
-19,694
-19,565
Primary balance
Overall balance(3)
Overall balance(4)
140,971
151,869
159,214
168,025
183,187
212,418
224,876
239,490
263,284
299,685
329,535
355,616
Gross debt (Maastricht)(5)
( )(6)
,
,
,

,
43.0
13.6
9.7
12.5
4.4
2.9
40.9
13.3
8.6
12.6
5.0
1.5
40.3
12.9
8.6
13.6
4.0
1.2
39.0
12.0
7.8
13.8
3.7
1.7
38.1
11.7
8.0
13.3
3.4
1.7
39.0
11.8
8.6
13.5
3.5
1.6
39.2
12.4
8.1
12.4
3.7
2.5
40.8
12.8
8.2
13.0
4.3
2.6
40.7
12.4
8.0
13.2
4.8
2.2
38.2
11.3
8.3
12.7
4.6
1.4
39.7
12.0
7.7
13.1
4.8
2.0
40.9
12.4
8.3
12.8
5.1
2.3
(As percentage of GDP)(6)

Revenue
Other

,

,
,
,
,
46.7
39.3
10.5
14.8
6.4
0.1
1.0
6.4
7.4
45.3
38.8
10.4
15.4
6.2
0.1
1.0
5.8
6.5
45.1
39.5
11.1
15.4
6.5
0.1
1.0
5.4
5.6
44.7
39.8
10.8
15.9
6.0
0.1
1.4
5.5
5.0
45.5
40.7
11.5
15.6
5.5
0.1
1.8
6.1
4.9
44.6
39.9
11.6
16.5
5.6
0.1
1.7
4.4
4.7
45.2
40.5
11,2
17.1
5.9
0.1
1.6
4.7
4.7
47.6
42.8
11.4
17.9
6.7
0.1
1.6
5.0
4.8
50.6
45.5
12.0
19.6
6.5
0.0
1.7
5.7
5.1
53.8
48.7
13,4
21.1
7.4
0.1
1.5
5.2
5.1
50.2
44.4
12,2
20.8
6.0
0.1
1.5
3.8
5.8
50.1
43.1
12.1
21.9
4.5
0.1
1.2
3.4
7.0
Total expenditure
Primary expenditure
Social benets
Goods and services
Subsidies, payable
Interest payments

(3)
(4)
3.6
-3.7
-3.7
2.0
-4.4
-4.5
0.7
-4.8
-4.8
-0.7
-5.7
-5.6
-2.6
-7.4
-7.5
-1.0
-5.6
-5.5
-1.3
-6.0
-5.7
-2.0
-6.8
-6.5
-4.8
-9.9
-9.8
-10.4
-15.6
-15.6
-4.7
-10.5
-10.3
-2.2
-9.2
-9.1
Primary balance
Overall balance(3)
Overall balance(4)
103.4
103.7
101.7
97.4
98.9
110.0
107.7
107.5
113.0
129.4
145.0
165.3
136,281
146,428
156,615
172,431
185,266
193,050
208,893
222,771
232,920
231,642
227,318
215,088
, (5)
, (5)
( )
: .
(1) 2005 - 2011: .
(2) 2006 .
(3) 95 ( ).
(4) - ( ).
(5) .
(6) 2006 - 2011: .
22
Gross debt (Maastricht)(5)

GDP at market prices (in million )

(1) 2005 - 2011: Provisional data.
(2) From 2006 onwards, the decit and debt gures reect also data of the Public Corporations that have been reclassied into the General Government sector.
(3) Balance according to ESA95 (swaps transactions are not included).
(4) EDP Balance (swaps transactions are included).
(5) Debt as dened in the Maastricht Treaty.
(6) 2006 - 2011 : Revised GDP data.
23

Main aggregates of General Government as percentage of GDP
55.0
50.0

Revenue of General Government as percentage of GDP
16.0
- Revenue
- Total expenditure
- Primary
expenditure
14.0
12.0
10.0
45.0
8.0
40.0
6.0
35.0
4.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
( . )
Revenue of General Government (in bil. )
35.0
25.0
80.0
30.0
20.0
60.0
25.0
15.0
40.0
20.0
10.0
20.0
15.0
5.0
10.0
0.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
( . )
Expenditure of General Government (in bil. )

Primary balance and Overall balance of General Government as percentage of GDP
120.0
60.0
8.0
100.0
50.0
4.0
80.0
40.0
0.0
60.0
30.0
-4.0
40.0
20.0
-8.0
20.0
10.0
-12.0
0.0
-16.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
- Compensation of employees
- Social benefits
- Goods and services
- Capital transfers
- Interest payments
( ) - Total Revenue (left scale)

( ) - Taxes on production (right scale)
( ) - Taxes on income (right scale)
( ) - Social contributions (right scale)
0.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Expenditure of General Government as percentage of GDP
100.0
0.0
- Taxes on production
- Taxes on income
- Social contributions
- Primary balance
- Overall balance
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
( ) - Primary expenditure (left scale)

( ) - Compensation of employees (right scale)
( ) - Social benefits (right scale)
( ) - Goods and services (right scale)
( ) - Other current transfers (right scale)
( ) - Capital transfers (right scale)
24
25
12. : , , 2009 - 2011(1)
Table 12. GREECE: MAIN AGGREGATES OF GENERAL GOVERNMENT, QUARTERLY DATA, 2009 - 2011(1)
In mllion
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
,
,
,

,
18,457
5,436
3,877
6,715
2,270
159
22,669
6,509
5,159
7,808
2,502
691
20,820
6,311
4,743
6,989
2,221
556
26,655
7,897
5,367
7,945
3,615
1,831
19,863
6,008
3,859
7,331
2,529
136
22,105
6,609
4,295
7,219
2,901
1,081
21,669
7,261
3,957
7,118
2,728
605
26,610
7,466
5,404
8,096
2,859
2,785
19,330
5,760
3,466
7,137
2,332
635
20,591
6,322
4,003
6,792
2,750
724
21,498
6,912
4,551
6,660
2,661
714
26,656 Revenue
7,616
5,925
6,913
Other
3,319
2,883

,

,
,
,
,
26,875
24,100
6,561
11,762
3,061
30
941
1,745
2,775
31,576
28,528
7,922
12,531
3,974
28
754
3,319
3,048
29,248
26,208
7,556
11,159
3,976
33
668
2,816
3,040
36,947
33,893
8,963
13,520
6,124
32
1,123
4,131
3,054
27,463
24,170
6,554
12,384
2,565
22
1,312
1,333
3,293
27,414
24,118
6,962
11,375
3,441
24
548
1,768
3,296
26,709
23,337
6,608
10,847
3,075
30
784
1,993
3,372
32,520
29,288
7,646
12,614
4,611
53
714
3,650
3,232
23,928
20,236
5,924
10,909
1,545
15
1,060
783
3,692
27,330
23,436
6,612
12,279
2,059
29
339
2,118
3,894
26,954
23,178
6,599
11,396
2,490
24
814
1,855
3,776
29,557 Total expenditure

Primary expenditure
25,889
6,931
Social benets
12,442
Goods and services
3,646
Subsidies, payable
42
278
2,550
Interest payments
3,668

(2)
-5,643
-8,418
-5,859
-8,907
-5,388
-8,428
-7,238
-10,292
-4,307
-7,600
-2,013
-5,309
-1,668
-5,040
-2,678
-5,910
-906
-4,598
-2,845
-6,739
-1,680
-5,456
767 Primary balance

-2,901 Overall balance(2)
279,616
289,498
294,369
299,685
309,676
314,140
322,978
329,535
341,145
340,905
347,215
( )
,
,
,

,
29.5
21.0
36.4
12.3
0.9
28.7
22.8
34.4
11.0
3.0
30.3
22.8
33.6
10.7
2.7
29.6
20.1
29.8
13.6
6.9
30.2
19.4
36.9
12.7
0.7
29.9
19.4
32.7
13.1
4.9
33.5
18.3
32.8
12.6
2.8
28.1
20.3
30.4
10.7
10.5
29.8
17.9
36.9
12.1
3.3
30.7
19.4
33.0
13.4
3.5
32.2
21.2
31.0
12.4
3.3
28.6
22.2
25.9
12.5
10.8
( )

,

,
,
,

89.7
24.4
43.8
11.4
0.1
3.5
6.5
10.3
90.3
25.1
39.7
12.6
0.1
2.4
10.5
9.7
89.6
25.8
38.2
13.6
0.1
2.3
9.6
10.4
91.7
24.3
36.6
16.6
0.1
3.0
11.2
8.3
88.0
23.9
45.1
9.3
0.1
4.8
4.9
12.0
88.0
25.4
41.5
12.6
0.1
2.0
6.4
12.0
87.4
24.7
40.6
11.5
0.1
2.9
7.5
12.6
90.1
23.5
38.8
14.2
0.2
2.2
11.2
9.9
84.6
24.8
45.6
6.5
0.1
4.4
3.3
15.4
85.8
24.2
44.9
7.5
0.1
1.2
7.7
14.2
86.0
24.5
42.3
9.2
0.1
3.0
6.9
14.0
(As percentage of total Expenditure)

87.6 Primary expenditure
23.4
Social benets
42.1
Goods and services
12.3
Subsidies, payable
0.1
0.9
8.6
12.4 Interest payments
(4)
,
,
,

,
7.6
10.5
-0.5
9.2
11.4
-14.5
-2.5
1.5
-16.7
-7.5
15.9
56.4
4.1
15.1
-16.6
1.8
22.8
8.8
-0.2
-5.5
0.7
1.9
-20.9
52.1
-2.7
-4.1
-10.2
-2.6
-7.8
366.9
-6.8
-4.3
-6.8
-5.9
-5.2
-33.0
-0.8
-4.8
15.0
-6.4
-2.5
18.0
Year-on-year percent change(4)

0.2 Revenue
Taxes on prod. and imports, receivable
2.0
9.6
-14.6
Other
16.1
3.5

,

,
,
,
,
2.2
0.3
-0.1
5.3
-16.2
-26.7
39.4
-23.6
18.7
-13.2
-15.5
-12.1
-9.2
-13.4
-14.3
-27.3
-46.7
8.1
-8.7
-11.0
-12.5
-2.8
-22.7
-9.1
17.4
-29.2
10.9
-12.0
-13.6
-14.7
-6.7
-24.7
65.6
-36.4
-11.6
5.8
-12.9
-16.3
-9.6
-11.9
-39.8
-31.8
-19.2
-41.3
12.1
-0.3
-2.8
-5.0
7.9
-40.2
20.8
-38.1
19.8
18.1
0.9
-0.7
-0.1
5.1
-19.0
-20.0
3.8
-6.9
12.0

(2)
-23.7
-9.7
-65.6
-40.4
-69.0
-40.2
-63.0
-42.6
-79.0
-39.5
41.3
26.9
0.7
8.3
, (3)
: .
(1) 2009 - 2011: .
(2) 95.
(3) .
(4) 2009 - 2011 .
26
2011 Q4
355,616 Gross debt (Maastricht)(3)

(As percentage of Revenues)
Other
-9.1 Total expenditure

Primary expenditure
-11.6
-9.4
Social benets
-1.4
Goods and services
-20.9
Subsidies, payable
-20.8
-61.1
-30.1
Interest payments
13.5
-128.6 Primary decit
-50.9 Overall decit(2)

(1) 2009 - 2011: Provisional data.
(2) According to ESA95.
(3) Debt as dened in the Maastricht Treaty.
(4) The changes are not presented due to the fact that the quarterly data of the period 2009 - 2011 are not comparable with the data of the
previous years.
27
( . )
Revenue of General Government (in bil. )
( . )
Expenditure of General Government (in bil. )
9.0
15.0
8.0
12.0
7.0
- - ( . )
Revenue - Primary Expenditure - Total Expenditure (in bil. )
35.0
- Primary balance

Overall balance
0.0
30.0
-3.0
25.0
- Taxes on production and imports

- Taxes on income
- Social contributions
-9.0
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
-12.0
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
- Revenue
- Total expenditure
- Primary expenditure
2009 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
10.0
2009 Q4
0.0
2009 Q3
15.0
2009 Q2
2011 Q3
2011 Q4
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q1
2010 Q2
2009 Q4
2009 Q3
2009 Q2
2009 Q1
3.0
3.0
2009 Q1
4.0
-6.0
20.0
2009 Q2
6.0
5.0
2009 Q1
6.0
28
3.0
40.0
9.0
( . )
Primary balance and Overall balance of General Government (in bil. )
- Compensation of employees
- Social benefits
- Goods and services
- Other current transfers
- Capital transfers
29
13. : , 2000 - 2011
Table 13. GREECE: GENERAL GOVERNMENT DEBT, 2000 - 2011
In mllion
2000
2001
2002
2003
2004
2005
2006(1)
2007
2008
2009
2010
2011
140,971
151,869
159,214
168,025
183,187
212,418
224,876
239,490
263,284
299,685
329,535
355,616
Nominal value of debt outstanding at the end of year

,
(1 )
(>1 )
178
115,985
198
125,940
842
135,022
756
144,006
1,006
159,537
1,235
169,492
988
179,542
693
194,337
728
217,012
1,477
253,622
1,005
253,432
820
248,638
Currency and deposits

Securities other than shares, excl. nancial derivatives
1,766
114,219
24,808
2,726
22,082
752
125,188
25,731
1,533
24,198
982
134,040
23,350
416
22,934
3,084
140,922
23,263
325
22,938
2,568
156,969
22,644
271
22,373
1,156
168,336
41,691
181
41,510
943
178,600
44,345
1,536
42,809
1,625
192,712
44,460
555
43,905
5,496
211,516
45,545
294
45,250
10,820
242,802
44,586
1,514
43,072
9,121
244,312
75,097
2,624
72,474
11,758
236,880
106,158
2,605
103,554
Short-term (1 year)
Long-term (>1 year)
Loans
Short-term
Long-term
0.1
82.3
0.1
82.9
0.5
84.8
0.4
85.7
0.5
87.1
0.6
79.8
0.4
79.8
0.3
81.1
0.3
82.4
0.5
84.6
0.3
76.9
0.2
69.9
(As percentage of Debt)

Currency and deposits
Securities other than shares, excl. nancial derivatives
1.3
81.0
17.6
1.9
15.7
0.5
82.4
16.9
1.0
15.9
0.6
84.2
14.7
0.3
14.4
1.8
83.9
13.8
0.2
13.7
1.4
85.7
12.4
0.1
12.2
0.5
79.2
19.6
0.1
19.5
0.4
79.4
19.7
0.7
19.0
0.7
80.5
18.6
0.2
18.3
2.1
80.3
17.3
0.1
17.2
3.6
81.0
14.9
0.5
14.4
2.8
74.1
22.8
0.8
22.0
3.3
66.6
29.9
0.7
29.1
Short-term
Long-term
Loans
Short-term
Long-term
( )

,
: .
(1) 2006 .
( )
Structure of General Government Debt (percent of total)
80.0
40.0

Evolution of Debt as percentage of GDP
170.0
100.0
60.0

(1) From 2006 onwards, the decit and debt gures reect also data of the Public Corporations that have been reclassied into the General Government sector.
- Currency and deposits

X - Securities
- Loans
20.0
150.0
130.0
110.0
0.0
-20.0
30
90.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
31
14. : O 15 , H,
, 2005 - 2011
Table 14. GREECE: POPULATION AGED 15 YEARS AND OVER, BY EMPLOYMENT STATUS
QUARTERLY DATA, 2005 - 2011
In thousands

2005
2006
2007
2008
2009
2010
2011

Percent of
population
Total
(1)
Grand total
Employed
Percent of
labour force
Unemployed
Labour force

Percent of
labour force
Annual average
Year-on-year Year-on-year change Year-on-year change
unemployment
in the number
in the number
change
rate
of unemployed
of employed
of labour force
Economically
non-active
population
Reference period
9,094.5
9,102.6
9,112.9
9,122.3
4,827.5
4,848.8
4,855.3
4,854.3
53.1
53.3
53.3
53.2
4,325.0
4,381.9
4,385.6
4,383.4
89.6
90.4
90.3
90.3
502.4
466.9
469.8
470.9
10.4
9.6
9.7
9.7
9.9
0.7
0.5
0.6
0.5
1.8
1.2
1.0
1.2
-7.6
-5.2
-3.3
-5.9
4,267.1
4,253.9
4,257.5
4,268.0
2005 1st Quarter

2nd
3rd
4th Quarter
9,136.0
9,150.1
9,164.2
9,179.1
4,873.1
4,880.2
4,902.5
4,891.2
53.3
53.3
53.5
53.3
4,400.0
4,452.8
4,494.2
4,462.1
90.3
91.2
91.7
91.2
473.1
427.4
408.3
429.1
9.7
8.8
8.3
8.8
8.9
0.9
0.6
1.0
0.8
1.7
1.6
2.5
1.8
-5.8
-8.4
-13.1
-8.9
4,262.9
4,269.9
4,261.8
4,287.9
2006 1st Quarter

2nd
3rd
4th Quarter
9,195.4
9,206.7
9,211.3
9,216.0
4,906.9
4,917.9
4,926.8
4,915.6
53.4
53.4
53.5
53.3
4,461.2
4,519.9
4,539.3
4,519.1
90.9
91.9
92.1
91.9
445.7
398.0
387.5
396.5
9.1
8.1
7.9
8.1
8.3
0.7
0.8
0.5
0.5
1.4
1.5
1.0
1.3
-5.8
-6.9
-5.1
-7.6
4,288.5
4,288.8
4,284.5
4,300.4
2007 1st Quarter

2nd
3rd
4th Quarter
9,222.7
9,230.1
9,237.8
9,245.8
4,918.2
4,939.7
4,944.9
4,946.3
53.3
53.5
53.5
53.5
4,511.6
4,582.5
4,589.8
4,553.6
91.7
92.8
92.8
92.1
406.5
357.1
355.1
392.7
8.3
7.2
7.2
7.9
7.6
0.2
0.4
0.4
0.6
1.1
1.4
1.1
0.8
-8.8
-10.3
-8.4
-1.0
4,304.5
4,290.4
4,292.9
4,299.5
2008 1st Quarter

2nd
3rd
4th Quarter
9,252.7
9,262.4
9,272.3
9,282.4
4,948.1
4,974.5
5,005.3
4,991.2
53.5
53.7
54.0
53.8
4,485.8
4,531.9
4,540.1
4,476.8
90.7
91.1
90.7
89.7
462.3
442.6
465.1
514.4
9.3
8.9
9.3
10.3
9.5
0.6
0.7
1.2
0.9
-0.6
-1.1
-1.1
-1.7
13.7
23.9
31.0
31.0
4,304.5
4,287.9
4,267.0
4,291.2
2009 1st Quarter

2nd
3rd
4th Quarter
9,292.2
9,301.5
9,311.0
9,320.6
5,012.4
5,021.0
5,024.9
5,011.1
53.9
54.0
54.0
53.8
4,425.6
4,427.0
4,402.9
4,299.0
88.3
88.2
87.6
85.8
586.8
594.0
621.9
712.1
11.7
11.8
12.4
14.2
12.5
1.3
0.9
0.4
0.4
-1.3
-2.3
-3.0
-4.0
26.9
34.2
33.7
38.4
4,279.8
4,280.5
4,286.1
4,309.4
2010 1st Quarter

2nd
3rd
4th Quarter
9,329.4
9,337.6
9,346.0
9,354.5
4,987.0
4,967.2
4,957.6
4,958.7
53.5
53.2
53.0
53.0
4,194.4
4,156.3
4,079.3
3,932.8
84.1
83.7
82.3
79.3
792.6
810.8
878.3
1,025.9
15.9
16.3
17.7
20.7
17.7
-0.5
-1.1
-1.3
-1.0
-5.2
-6.1
-7.3
-8.5
35.1
36.5
43.2
44.1
4,342.4
4,370.5
4,388.4
4,395.8
2011 1st Quarter

2nd
3rd
4th Quarter
: .
(1) , 15 ,
2001.
Source: Population and Labour Market Statistics Division ELSTAT.

(1) Total number of persons residing in private households, aged 15 years and older, according to the results of the 2001 Population Census.
, , ( )
Labour force, employed unemployed (year-on-year change)
6.0
60.0
3.0
45.0
0.0
30.0
( ) - Labour force (left scale)
( ) - Number of employed (left scale)
( ) - Unemployed (right scale)
-3.0
15.0
32
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q3
2008 Q4
2008 Q1
2008 Q2
2007 Q4
2007 Q2
2007 Q3
2006 Q4
2007 Q1
2006 Q2
2006 Q3
2006 Q1
2005 Q3
-15.0
2005 Q4
-9.0
2005 Q1
0.0
2005 Q2
-6.0
33
15. : , -
15 - 29 (1), 2000 - 2011
Table 15. GREECE: UNEMPLOYMENT RATE FOR TOTAL POPULATION, MALES - FEMALES AND
FOR PERSONS AGED 15 - 29 YEARS(1), 2000 - 2011
: .
(1) .
23.0
21.5
20.4
19.5
20.1
18.8
17.8
17.0
15.5
17.7
22.8
32.9
20.0
10.0
,
,

, ,

,
,

( )
,
,

, ,

,
,

- Total
- Males
- Females
15 - 29 - Persons aged 15 - 29 years
2011
2010
2009
2008
0.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2007
0.0
, - Agriculture, forestry and fishing

, - Industry, including energy
- Construction
, ,
Trade, hotels and restaurants, transports and communications
,
,
Financial, real estate, renting and business activities
- Other service activities

(1) Data refer to the 2nd quarter of each year.
Table 16. GREECE: EMPLOYED PERSONS AGED 15 YEARS AND OVER, BY BRANCH OF ECONOMIC ACTIVITY, 2000 - 2011
2000
2001
2002
2003
2004
2005
2006
2007
2008(1)
2009
2010
2011
4,088.5
4,086.3
4,175.8
4,274.5
4,313.2
4,369.0
4,452.3
4,509.9
4,559.4
4,508.7
4,388.6
4,090.7
706.3
630.3
658.1
633.5
649.6
634.4
656.1
620.9
543.9
616.9
542.0
618.3
533.3
620.9
519.7
620.8
516.8
621.4
536.6
586.8
549.8
542.5
507.4
479.4
300.1
1,219.2
306.8
1,230.0
318.9
1,250.4
345.8
1,292.9
350.3
1,298.7
361.7
1,345.7
362.4
1,368.6
394.7
1,376.8
395.1
1,411.1
368.8
1,407.1
322.1
1,373.6
249.6
1,304.4
308.5
327.4
346.6
356.8
393.6
399.8
404.4
411.5
455.9
447.5
433.8
433.3
924.0
930.5
975.8
1,001.9
1,109.7
1,101.5
1,162.7
1,186.4
1,159.2
1,161.9
1,166.8
1,116.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
17.3
15.4
16.1
15.5
15.6
15.2
15.4
14.5
12.6
14.3
12.4
14.2
12.0
13.9
11.5
13.8
11.3
13.6
11.9
13.0
12.5
12.4
12.4
11.7
Agriculture, forestry and shing

Industry, including energy
7.3
29.8
7.5
30.1
7.6
29.9
8.1
30.2
8.1
30.1
8.3
30.8
8.1
30.7
8.8
30.5
8.7
30.9
8.2
31.2
7.3
31.3
6.1
31.9
7.5
8.0
8.3
8.3
9.1
9.2
9.1
9.1
10.0
9.9
9.9
10.6
Construction
Trade, hotels and restaurants, transport and communication
Financial, real estate, renting and
business activities
22.6
22.8
23.4
23.4
25.7
25.2
26.1
26.3
25.4
25.8
26.6
27.3
: .
(1) 2008 ,
.
34
10.0
5.0
16. : 15 , , 2000 - 2011

( )
20.0
15.0
2006
17.0
15.9
15.2
14.3
15.9
15.2
13.4
12.6
10.9
12.5
15.3
20.0
30.0
25.0
2005
7.4
6.9
6.4
6.0
6.3
5.8
5.6
5.0
4.7
6.3
9.4
13.7
30.0
2004
11.2
10.4
9.3
10.2
9.6
9.6
8.8
8.1
7.2
8.9
11.8
16.3
15 - 29
Persons aged 15 - 29 Years
2003
Females
2002
Males
40.0
35.0
2001
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Total
,

Share of employment,
by branch of economic activity
2000
Year
,
- 15 - 29
Unemployment rate for total population,
males - females and for persons aged 15 - 29 yeas
(Absolute numbers in thousands)

TOTAL
Agriculture, forestry and shing
Industry, including energy
Construction
Trade, hotels and restaurants, transport and communication
Financial, real estate, renting and
business activities
Other service activities
TOTAL
(In percent of total)
Other service activities

(1) Data from 2008 onwards are not fully comparable with those of previous years, due to the introduction of a new sectoral classication.
35
17. : , 2009 - 2012
Table 17. GREECE: INDICES OF ECONOMIC ACTIVITY, 2009 - 2012
(%)
Year-on-year change (%)
2009
2010
2011(1)
2012(1)(2)
2010 Q2
2010 Q3
2010 Q4
2011 Q1(1)
2011 Q2(1)
2011 Q3(1)
2011 Q4(1)

Latest available period

1.
2.
3.
4.
5.
-23.2
-32.6
-27.2
-21.7
-22.1
-5.1
6.0
29.1
3.9
-21.7
-11.2
-7.0
7.1
25.1
1.0
-7.8
-14.9
-5.7
7.6
38.7
-14.4
-3.2
-17.2
-6.4
6.4
35.2
4.5
-27.4
-10.0
-8.2
-0.2
19.6
-3.0
-25.7
-16.9
-10.2
11.7
30.8
13.1
-6.7
-17.3
-5.2
9.6
26.2
10.0
-5.5
-18.5
-8.5
7.5
26.6
0.0
-4.7
-11.9
-4.5
14.3
34.1
7.8
4.3
-6.9
-0.9
-1.6
15.5
-11.9
-20.1
-21.9
-9.4
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
Turnover Index in Industry

1. Energy
2. Intermediate Goods
3. Capital Goods
4. Consumer Durables
5. Consumer Non-durables
, .
-22.2
-0.7
-2.2
-3.9
-1.9
-7.2
1.6
-3.3
-4.4
3.7
-4.6
./Feb. 2012
Turnover Index in Industry for the Domestic Market
, .

-25.6
-29.5
-22.7
29.3
17.1
36.6
21.6
19.6
23.2
34.9
-10.8
73.0
32.2
16.9
44.5
25.1
10.7
32.0
46.3
32.3
52.6
36.5
29.3
43.7
26.9
26.1
26.6
31.3
23.6
35.1
-1.3
3.9
-3.0
./Feb. 2012
./Feb. 2012
./Feb. 2012
Turnover Index in Industry for the Non-Domestic Market

Eurozone countries
Non-eurozone countries

1. E
2.
3.
4.
5.
-28.1
-35.3
-21.0
-26.0
-5.0
4.2
18.4
-30.0
-2.5
-8.9
1.3
5.2
-4.3
-7.0
-8.7
-13.8
-14.8
-18.9
20.5
-10.7
3.1
19.0
-33.5
2.1
-12.2
1.9
14.8
-28.0
-11.7
-12.2
7.0
25.6
-32.5
0.1
-11.6
7.6
19.1
-14.4
-13.0
-14.9
3.6
8.9
-14.1
-6.9
-4.7
3.7
8.7
-12.1
-0.7
-5.5
-8.4
-13.0
20.8
-7.8
-9.0
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
New Orders Index in Industry

1. Energy
3. Capital Goods
, .
-23.4
-3.4
-24.2
-21.0
-7.2
-9.9
0.9
-25.4
-21.3
-18.6
-31.2
./Feb. 2012
New Orders Index in Industry for the Domestic Market
, .

-34.7
-35.4
-35.9
28.2
29.1
28.1
22.1
20.2
28.2
-8.9
-10.7
-2.9
29.6
33.7
27.9
39.1
43.1
34.1
30.5
25.3
38.1
44.1
49.0
43.5
24.7
25.7
27.2
18.9
18.4
24.9
5.9
-6.7
21.2
./Feb. 2012
./Feb. 2012
./Feb. 2012
New Orders Index in Industry for the Non-Domestic Market

Eurozone countries
Non-eurozone countries
()
1. E
2.
3.
4.
5.
-9.4
-2.9
-18.4
-22.5
-20.7
-4.1
-5.9
-4.9
-0.9
-22.1
-13.4
-7.2
-8.3
-8.4
-9.4
-11.4
-15.7
-5.7
-8.3
1.0
-19.1
4.7
-21.1
-13.6
-4.9
-5.2
4.0
-26.9
-9.0
-7.0
-6.6
-2.4
-6.5
-23.0
-20.4
-8.3
-6.0
-4.4
-2.2
-12.7
-20.5
-8.7
-5.7
-6.5
-4.1
-7.3
-18.9
-4.7
-11.4
-14.6
-13.1
-6.4
-16.6
-6.0
-4.7
-6.3
-6.0
-0.9
-5.6
-1.7
-11.2
-6.4
-13.9
-24.9
-20.5
-11.3
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
./Feb. 2012
Industrial Production Index (volume)

1. Energy
3. Capital Goods
-17.5
-24.1
-13.4
-31.6
-38.1
-28.0
-28.0
-43.7
-20.4
-31.4
-36.1
-28.7
-37.1
-46.7
-32.2
-33.5
-46.2
-26.8
-38.2
-53.6
-27.7
-34.4
-50.4
-26.4
-0.7
-29.8
11.0
-34.6
-35.0
-34.4
( )
-14.0
-11.1
-28.5
-13.7
-15.6
-11.5
-48.4
-22.9
-11.9
-29.5
-31.5
-22.8
-12.6
-33.3
-18.1
-8.5
-3.3
-10.9
-1.7
-2.7
-0.9
-7.9
-14.8
-6.1
-9.8
-6.4
-8.7
-12.5
-8.6
-16.8
-32.3
-8.5
-3.4
-14.8
-17.4
-1.2
-12.4
-11.5
1.5
-8.7
3.8
-14.1
14.2
2.9
4.5
4.0
-3.7
-7.3
-4.6
-8.8
-9.9
-24.5
-35.3
-4.4
-31.7
-40.8
-42.8
-30.3
-33.4
-41.3

1.
2.
3.
4.
5. ,
,
36.0
Production Index in Construction

Building Construction
Civil Engineering
./Jan. 2012
Building Activity (number of building permits)

Turnover Index in the Transport Sector
1. Land transport and transport via pipelines
2. Water transport
3. Air transport
4. Warehousing and support activities for transportation
5. Travel agency, tour operator reservation service and
related activities
-8.9
-5.9
-13.4
-20.3
-5.1
-14.7
-7.9
-13.3
-9.9
-9.7
-20.3
2011Q4
-7.1
-5.0
-7.7
-10.9
-4.0
-8.4
-12.1
-12.8
-7.5
-2.6
-7.5
./Feb. 2012
Turnover Index in Retail Trade
-9.3
-6.9
-8.7
-11.8
-5.9
-11.1
-15.0
-14.0
-9.1
-2.2
-8.6
./Feb. 2012
Volume Index in Retail Trade
-9.1
-8.2
-7.4
-8.9
-10.2
-7.5
-15.8
-20.6
-2.2
-1.2
-18.2
./Jan. 2012
1.4
-6.6
-28.4
18.5
-22.6
-13.6
-20.1
-30.1
-18.4
-38.1
-6.7
-2.1
-27.1
6.4
-3.5
-15.8
-23.0
-25.8
-31.4
-28.4
-12.5
-8.9
-12.8
-16.5
18.4
-16.6
-11.4
-31.9
-5.3
1.2
-26.8
-8.9
-7.1
-4.0
-16.6
-14.5
-8.5
-30.2
-8.7
9.9
-30.6
-7.7
-49.1
-3.7
-15.5
-12.2
-22.7
-36.0
-8.9
6.5
-23.8
-13.3
-26.8
-10.2
-6.1
-17.9
-11.1
-7.9
6.1
-19.1
-21.9
-10.3
6.8
-4.5
-12.6
-40.0
0.6
3.5
-6.0
-25.7
0.5
-3.3
-3.9
0.3
-1.4
-9.9
-2.8
-5.0
-3.8
-3.9
-6.4
0.6
-5.4
5.8
-4.3
13.1
14.2
8.3
6.9
-1.2
106.4
-5.6
-24.8
-16.4
6.8
18.1

1. , ,
2.

1.
2.
3.
4.
5.

(4)
(3)
Turnover Index in Accommodation and Food Services

Turnover Index in Information and Communication
: .
(1) .
(2) .
(3) : .
(4) : ().
(5) 2011.
36
Turnover Index in Wholesale Trade
10.3
(5)
-6.0
1. Motion picture, video and television programme

production, sound recording and music publishing
activities
2. Programming and broadcasting activities
Turnover Indices for specic activities of the Services Sector
1. Publishing activities
2. Telecommunications
3. Computer programming, consultancy and related activities
4. Employment activities
5. Cleaning activities
Index of Number of Persons Employed in Retail Trade
Non-resident arrivals from abroad(3)
11.2
./Dec. 2012
Museums and Archaeological Sites attendance(4)
Source: ELSTAT.
(1) Contains provisional data.
(2) Latest available data.
(3) Source: Bank of Greece.
(4) Source: Archaeological Receipts Fund.
(5) Data refer to December 2011.
37
60.0
10.0
0.0
40.0
0.0
20.0
20.0
-10.0
- Non-Domestic Market
- Eurozone countries
- Non-Eurozone countries
- Eurozone countries
- Non-Eurozone countries
38
- Industrial Production Index

- Consumer Durables
- Consumer Non-durables
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2011 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
-40.0
2010 Q4
-60.0
2010 Q3
-30.0
2010 Q2
-40.0
2010 Q1
-20.0
2009 Q4
-20.0
2009 Q3
-10.0
2009 Q2
0.0
2009 Q1
0.0
2008 Q1
40.0
20.0
2008 Q4
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
-60.0
2008 Q3
2011 Q4
2011 Q2
2011 Q3
2011 Q1
2010 Q4
2010 Q3
2010 Q2
-40.0
2010 Q1
-60.0
2009 Q4
-20.0
2009 Q3
-40.0
2009 Q2
0.0
2009 Q1
-20.0
2008 Q4
20.0
2008 Q3
0.0
2008 Q1
40.0
2008 Q2
20.0
( %)
Production Index in Construction (y-o-y change %)
10.0
2008 Q3
60.0
2008 Q2
40.0
(),
4,5 ( %)
Industrial Production Index (volume), by
Main industrial Groupings 4,5 (y-o-y change %)
2008 Q2
- Total Market
- Domestic Market
,
( %)
New Orders Index in Industry for the Non-Domestic Market
(y-o-y change %)
2008 Q1
60.0
- Industrial Production Index

- Energy
- Intermediate Goods
- Capital Goods
2008 Q1
( %)
New Orders Index in Industry (y-o-y change %)
2009 Q1
-40.0
2008 Q4
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2008 Q2
2008 Q4
-30.0
2008 Q3
-15.0
2008 Q2
-20.0
2008 Q1
-10.0
-60.0
2008 Q1
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
-40.0
2008 Q3
-40.0
2008 Q2
-20.0
2008 Q1
-20.0
2008 Q3
0.0
2008 Q4
0.0
-5.0
2008 Q2
40.0
5.0
(),
1,2,3 ( %)
Industrial Production Index (volume), by
Main industrial Groupings 1,2,3 (y-o-y change %)
2008 Q3
- Total Market
- Domestic Market
() ( %)
Industrial Production Index (volume) (y-o-y change %)
2008 Q1
60.0
,
( %)
Turnover Index in Industry for the Non-Domestic Market
(y-o-y change %)
2008 Q2
( %)
Turnover Index in Industry (y-o-y change %)
- Construction
- Building Construction
- Civil Engineering
39
-50.0
-50.0
-30.0
-60.0
2011 Q3
2011 Q4
2011 Q2
2011 Q3
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2008 Q2
2008 Q1
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
60.0
20.0
10.0
30.0
0.0
0.0
-30.0

Employment activities
- Cleaning activities
2011 Q4
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2008 Q2
2008 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
-60.0
2009 Q1
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2008 Q2
-10.0
2008 Q1
2011 Q4
2011 Q2
2011 Q3
-30.0
2011 Q1
-24.0
2010 Q4
-24.0
2010 Q3
-20.0
2010 Q2
-18.0
2010 Q1
-18.0
2009 Q4
-12.0
2009 Q3
-12.0
2009 Q2
-6.0
2009 Q1
-6.0
2008 Q4
0.0
2008 Q3
0.0
2008 Q1
90.0
30.0
6.0
40

( %)
Aggregates of the Tourism Sector
(y-o-y change %)
120.0
40.0
- Volume
- Persons Employed
6.0
2008 Q2
2008 Q2
2008 Q1

( %)
Turnover Indices in Employment
and Cleaning activities (y-o-y change %)
50.0
2011 Q2

( %)
Indices of Volume and Employed Persons in Retail Trade
(y-o-y change %)
12.0
- Telecommunications
- Computer programming and
related activities
.
Motion picture, video, etc.

Programming and broadcasting
- Publishing
2008 Q4
12.0
-40.0
- Land and via pipelines

- Water transport
- Air transport

Warehousing and support activities
18.0
- Retail Trade
- Wholesale Trade
-20.0
2008 Q3
18.0
0.0
-10.0
2008 Q2

( %)
Turnover Indices in Retail and Wholesale Trade
(y-o-y change %)
10.0
2008 Q1
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2008 Q3
2008 Q2
2008 Q1
-60.0
2011 Q4
-20.0
2011 Q3
-40.0
-40.0
2011 Q2
-10.0
2010 Q4
-30.0
-30.0
2011 Q1
0.0
2010 Q3
10.0
-20.0
2010 Q2
-10.0
2010 Q1
20.0
2009 Q4
0.0
2009 Q3
-50.0
30.0
2009 Q2
-40.0
20.0
10.0
2009 Q1
-30.0
30.0
40.0
2008 Q4
-20.0

( %)
Turnover Indices in Telecommunications and Computer
programming and related activities (y-o-y change %)
20.0
2008 Q3
-10.0

-
( %)
Turnover Indices in Information - Communication and
Publishing Activities
(y-o-y change %)
30.0
2008 Q2
0.0

( %)
Turnover Index in Transport
(y-o-y change %)
2008 Q1
( )
( %)
Building Activity (number of building permits)
(y-o-y change %)
- Building permits

Turnover Index in Accommodation and Food Services

Non-resident arrivals from abroad

Museums and archaeological sites attendance
41
18. : (1), . (2), (3) (4), 2008 - 2012

Table 18. GREECE: CPI(1), HICP(2), CORE INFLATION(3) AND PPI(4), 2008 - 2012
(%)
Changes (%)

%
Annual rates of change

%
Monthly rates of change

Year and month
CPI
.
HICP
Core
Ination

%
Annual average rates of change
PPI
CPI
.
HICP
Core
Ination
PPI
CPI
.
HICP
Core
Ination
%

Annual average rates of change %
10.0
5.0
0.0
PPI
-5.0
2008: 4
5
6
7
8
9
10
11
12
0.6
0.7
-0.1
-0.8
-0.9
2.0
0.0
-0.3
-0.5
0.8
0.7
0.0
-0.8
-1.1
2.1
0.0
-0.2
-0.3
0.4
0.7
0.1
-1.0
-1.1
2.7
0.4
0.3
0.5
1.3
2.7
1.8
1.3
-1.8
-1.0
-3.4
-4.1
-3.5
4.4
4.9
4.9
4.9
4.7
4.6
3.9
2.9
2.0
4.4
4.9
4.9
4.9
4.8
4.7
4.0
3.0
2.2
2.6
3.1
3.0
3.0
3.0
3.3
3.3
3.4
3.5
10.4
13.0
14.7
15.5
13.3
10.9
5.8
-0.3
-4.0
3.5
3.6
3.8
4.0
4.2
4.3
4.4
4.3
4.2
3.5
3.7
3.9
4.1
4.2
4.4
4.5
4.4
4.2
2.6
2.6
2.6
2.6
2.7
2.7
2.8
2.8
2.9
7.0
7.9
8.9
10.0
10.9
11.4
11.3
10.4
9.2
2009: 1
2
3
4
5
6
7
8
9
10
11
12
-0.5
-0.9
2.0
0.3
0.2
-0.1
-0.7
-0.7
1.9
0.5
0.5
0.2
-0.5
-1.1
2.0
0.4
0.2
-0.1
-0.7
-0.8
1.9
0.5
0.6
0.1
-1.0
-1.6
2.8
-0.1
0.1
0.0
-1.0
-1.0
2.7
0.4
0.4
0.5
0.4
-0.6
-0.4
0.4
1.2
2.2
-0.7
1.7
-0.8
0.9
0.4
0.2
1.8
1.6
1.3
1.0
0.5
0.5
0.6
0.8
0.7
1.2
2.0
2.6
2.0
1.8
1.5
1.1
0.7
0.7
0.7
1.0
0.7
1.2
2.1
2.6
3.4
3.3
3.1
2.6
2.0
1.9
2.0
2.1
2.1
2.1
2.2
2.2
-4.0
-5.8
-7.3
-8.1
-9.5
-9.2
-11.0
-7.8
-7.7
-3.5
1.0
5.0
4.0
3.7
3.5
3.2
2.8
2.4
2.1
1.8
1.4
1.2
1.2
1.2
4.1
3.8
3.6
3.3
3.0
2.6
2.3
1.9
1.6
1.4
1.3
1.3
3.0
3.1
3.2
3.2
3.1
3.0
2.9
2.8
2.7
2.6
2.5
2.4
8.0
6.5
4.9
3.4
1.4
-0.5
-2.7
-4.4
-5.9
-6.6
-6.5
-5.8
2010: 1
2
3
4
5
6
7
8
9
10
11
12
-0.7
-0.5
3.1
1.2
0.8
-0.3
-0.5
-0.7
1.9
0.2
0.2
0.4
-0.8
-0.6
3.1
1.2
0.8
-0.2
-0.4
-0.7
1.9
0.1
0.2
0.5
-1.6
-1.6
3.5
0.6
0.2
-0.1
-0.8
-1.2
2.8
0.3
0.1
0.1
1.2
0.3
1.4
1.5
-0.5
0.8
-1.1
0.3
0.3
0.1
1.3
1.8
2.4
2.8
3.9
4.8
5.4
5.2
5.5
5.5
5.6
5.2
4.9
5.2
2.3
2.9
3.9
4.7
5.3
5.2
5.5
5.6
5.7
5.2
4.8
5.2
1.7
1.7
2.4
3.0
3.2
3.0
3.2
3.0
3.1
3.0
2.6
2.2
5.8
6.7
8.7
9.8
7.9
6.5
6.1
4.6
5.8
5.0
5.9
7.6
1.3
1.4
1.6
1.9
2.3
2.7
3.1
3.5
3.9
4.3
4.5
4.7
1.4
1.5
1.7
2.0
2.3
2.7
3.1
3.5
3.9
4.3
4.5
4.7
2.3
2.2
2.1
2.1
2.2
2.3
2.4
2.5
2.6
2.6
2.7
2.7
-5.1
-4.1
-2.9
-1.4
0.0
1.4
2.9
4.1
5.3
6.0
6.5
6.7
2011: 1
2
3
4
5
6
7
8
9
10
11
12
-0.7
-1.3
3.3
0.6
0.2
-0.2
-1.4
-1.4
3.3
0.1
0.2
-0.1
-1.0
-1.3
3.2
0.7
0.2
-0.2
-1.4
-1.4
3.4
0.1
0.2
-0.2
-2.0
-2.3
4.1
0.4
0.2
0.0
-2.0
-2.0
4.6
0.0
0.0
-0.2
0.9
1.4
1.6
1.0
-1.3
0.2
1.1
-0.9
0.8
0.0
0.7
0.2
5.2
4.4
4.5
3.9
3.3
3.3
2.4
1.7
3.1
3.0
2.9
2.4
4.9
4.2
4.3
3.7
3.1
3.1
2.1
1.4
2.9
2.9
2.8
2.2
1.7
1.0
1.6
1.5
1.4
1.5
0.3
-0.5
1.2
0.9
0.9
0.5
7.3
8.5
8.7
8.2
7.3
6.6
9.1
7.8
8.3
8.1
7.4
5.7
4.9
5.1
5.1
5.0
4.9
4.7
4.4
4.1
3.9
3.7
3.6
3.3
4.9
5.0
5.0
5.0
4.8
4.6
4.3
4.0
3.7
3.5
3.4
3.1
2.7
2.6
2.5
2.4
2.3
2.1
1.9
1.6
1.5
1.3
1.1
1.0
6.8
7.0
7.0
6.8
6.8
6.8
7.1
7.3
7.5
7.8
7.9
7.7
2012: 1
2
3
-0.8
-1.5
2.8
-1.1
-1.7
2.9
-2.1
-2.7
3.9
2.7
0.7
1.2
2.3
2.1
1.7
2.1
1.7
1.4
0.4
0.0
-0.2
7.5
6.8
6.4
3.1
2.9
2.7
2.9
2.7
2.4
0.9
0.8
0.7
7.7
7.6
7.4
4.0
Source: Economic and Short-Term Indices Division ELSTAT.

(1) CPI: Consumer Price Index.
(2) HICP: Harmonized Index of Consumer Prices.
(3) Core Ination: CPI excluding food, beverages, tobacco and energy.
(4) PPI: Producer Price Index in Industry.
-4.0
: .
(1) : ().
(2) . : .
(3) : , , , .
(4) : .
42
-10.0
- CPI
. - HICP
- Core Inflation
- PPI
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
%
Annual rates of change %
6.0
5.0
4.0
3.0
2.0
- CPI
. - HICP
- Core Inflation
1.0
0.0
-1.0
2008
2009
2010
2011
2012
2011
2012
%
Monthly rates of change %
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
- CPI
. - HICP
- Core Inflation
2008
2009
2010
%
Rates of change % PPI
16.0
12.0
8.0
0.0
- Monthly
- Annual
-8.0
-12.0
2008
2009
2010
2011
2012
43
19. : , 2004 - 2011(1)
Table 19. GREECE: EXTERNAL TRADE BALANCE, 2004 - 2011(1)
In billion
2004
2005
2006
2007
2008
2009
2010
2011(3)
44.47
42.50
39.22
45.99
44.61
38.23
52.26
49.55
42.74
58.32
55.66
48.50
62.80
60.48
49.56
49.94
46.25
41.72
48.19
45.24
36.82
43.72
42.49
31.95
Imports - Arrivals
Including the value of ships
Excluding the value of ships
Excluding oil products and including the value of ships
13.00
12.92
12.11
14.78
14.59
13.38
17.05
16.95
14.89
17.72
17.63
15.58
17.97
17.76
15.95
14.82
14.75
13.53
16.39
16.28
14.64
22.73
22.68
16.02
Exports - Dispatches
-31.47
-29.58
-27.11
-31.21
-30.02
-24.85
-35.21
-32.60
-27.85
-40.60
-38.03
-32.92
-44.83
-42.72
-33.61
-35.12
-31.50
-28.19
-31.80
-28.96
-22.18
-20.99
-19.81
-15.93
(2)
(2)
(2)
24.00
7.02
-16.99
23.82
7.66
-16.17
25.02
8.16
-16.86
26.18
7.95
-18.22
26.96
7.72
-19.25
21.56
6.40
-15.16
21.20
7.21
-13.99
20.33
10.57
-9.76
Imports as percentage of GDP(2)

Exports as percentage of GDP(2)
External Trade Balance as percentage of GDP(2)
Trade Balance including the value of ships

Trade Balance excluding the value of ships
Trade Balance excluding oil products and including the value of ships
( %)
7.5
11.5
7.6
3.4
5.0
-2.5
13.6
11.1
11.8
11.6
12.3
13.5
7.7
8.7
2.2
-20.5
-23.5
-15.8
-3.5
-2.2
-11.7
-9.3
-6.1
-13.2
Imports - Arrivals
4.6
4.4
3.7
13.7
12.9
10.5
15.4
16.2
11.3
3.9
4.0
4.6
1.4
0.7
2.4
-17.5
-16.9
-15.2
10.6
10.4
8.2
38.7
39.3
9.4
8.7
-0.8
12.8
15.3
10.4
-21.7
-9.5
-34.0
Trade decit including the value of ships
15.2
9.4
1.5
-8.3
8.6
12.1
16.7
18.2
12.3
2.1
-26.3
-16.1
-8.1
-21.3
-31.6
-28.2
Trade decit excluding the value of ships

Trade decit excluding oil products and including the value of ships
: .
(1) .
(2) 2005 - 2010: .
(3) , , , , .
- ( . )
Imports - Arrivals (in bil. )
Source: Trade and Services Statistics Division and National Accounts Division ELSTAT.
(2) 2005 - 2010: Revised GDP data.
(3) The data are not comparable with the corresponding data of the previous year, due to the fact that the "incomplete customs declarations", relating mostly to oil products, have not yet been nalized and incorporated.
- ( . )
Exports - Dispatches (in bil. )
70.0
60.0
( . )
Trade balance (in bil. )
24.0
-10.0
20.0
-20.0
16.0
-30.0
12.0
-40.0
50.0
40.0
30.0
20.0
2004
2005
2006
2007
2008
2009
2010



xcluding oil products and including the value of ships
44
2011
8.0
2004
2005
2006
2007
2008
2009
2010



2011
-50.0
2004
2005
2006
2007
2008
2009
2010
2011

Trade balance including the value of ships

Trade balance excluding the value of ships

45
20. : , , 2008 - 2011(1)
Table 20. GREECE: EXTERNAL TRADE BALANCE, QUARTERLY DATA, 2008 - 2011(1)
In billion
2008 Q3
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
2011 Q4(2)
16.15
15.69
12.41
14.76
14.02
12.20
12.25
11.19
10.44
12.63
11.30
10.76
12.65
11.93
10.33
12.42
11.83
10.20
12.94
12.06
10.16
12.03
11.10
9.29
11.23
10.62
8.29
11.98
11.44
9.07
11.76
11.30
8.49
11.41
11.10
8.30
11.25
11.03
7.81
9.30
9.06
7.35
Imports - Arrivals
4.69
4.67
4.12
4.43
4.30
3.95
3.47
3.46
3.20
3.92
3.89
3.57
3.69
3.67
3.33
3.74
3.73
3.43
3.47
3.45
3.24
4.03
3.99
3.63
3.72
3.71
3.37
5.16
5.13
4.39
4.78
4.77
3.78
6.05
6.03
4.07
5.87
5.87
3.93
6.03
6.02
4.24
ncluding the value of ships
Excluding oil products and including the value of
ships
-11.46
-10.33
-8.78
-8.71
-8.96
-8.68
-9.47
-8.00
-7.51
-6.82
-6.98
-5.36
-5.38
-3.27
Trade Balance including the value of ships
-11.02
-8.29
-9.72
-8.25
-7.72
-7.24
-7.41
-7.19
-8.26
-7.00
-8.11
-6.77
-8.61
-6.92
-7.11
-5.66
-6.91
-4.92
-6.32
-4.68
-6.54
-4.71
-5.07
-4.23
-5.17
-3.88
-3.04
-3.11
Trade Balance excluding the value of ships

Trade Balance excluding oil products and including
the value of ships

( %)
-

12.0
14.8
3.8
-3.1
-5.7
0.9
-19.3
-23.3
-10.0
-24.4
-30.2
-19.4
-21.7
-24.0
-16.8
-15.8
-15.6
-16.4
5.6
7.8
-2.7
-4.7
-1.7
-13.6
-11.2
-10.9
-19.7
-3.5
-3.3
-11.0
-9.1
-6.3
-16.4
-5.2
0.0
-10.7
0.2
3.8
-5.8
8.6
8.6
12.3
0.2
-1.9
-1.5
-15.4
-15.2
-14.3
-17.4
-17.4
-13.9
-21.3
-21.5
-19.2
-15.5
-13.4
-13.1
0.0
-0.3
1.3
2.9
2.6
1.8
1.0
1.3
1.4
38.0
37.5
28.0
37.5
38.0
16.4
50.0
51.1
12.0
57.8
58.0
16.6
13.5
-4.5
-20.8
-27.2
-21.9
-16.0
7.8
-8.1
-16.2
-21.4
-26.2
-33.0
-28.4
Trade decit including the value of ships
17.7
-7.2
-26.5
-35.4
-25.0
-16.6
11.5
-4.0
-16.4
-22.1
-24.1
-28.7
-25.3
Trade decit excluding the value of ships
0.0
2.1
-8.0
-21.9
-15.6
-17.9
-4.5
-21.3
-29.7
-30.8
-31.9
-25.3
-21.1
: .
(1) .
(2) , , , , .
20.0
- ,
( %)
Imports - Arrivals, including
the value of ships (change %)
70.0
- Change
3 - 3-month moving average
10.0
- ,
( %)
Exports - Dispatches, including
0.0
30.0
-10.0
10.0
-3.5
-33.5
Excluding oil products and including the value of
ships
Trade decit excluding oil products and including

the value of ships
Source: Trade and Services Statistics Division ELSTAT.

(2) The data are not comparable with the corresponding quarter of the previous year, due to the fact that the "incomplete customs declarations",
relating mostly to oil products, have not yet been nalized and incorporated.
,
( %)
Trade decit, including
20.0
- Change
3
3-month moving average
50.0
-19.0
Imports - Arrivals
- Change
3 - 3-month moving average
10.0
0.0
-10.0
-20.0
46
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
-40.0
2008 Q3
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
-30.0
2008 Q3
2011 Q2
2011 Q3
2010 Q4
2011 Q1
2010 Q2
2010 Q3
2009 Q4
2010 Q1
2009 Q2
2009 Q3
-30.0
2009 Q1
-30.0
2008 Q3
-10.0
2008 Q4
-20.0
47
21. : - , - , / ,
, 2004 - 2011(1)
Table 21. GREECE: IMPORTS - ARRIVALS, EXPORTS - DISPATCHES, BY AREA OF ORIGIN / DESTINATION,
INCLUDING OIL PRODUCTS, 2004 - 20111)
In billion
2004
2005
2006
2007
2008
2009
2010
2011
26.29
18.18
44.47
26.69
19.30
45.99
29.32
22.94
52.26
33.30
25.02
58.32
34.38
28.42
62.80
28.35
21.59
49.94
24.63
23.56
48.19
22.71
21.01
43.72
Imports - Arrivals
European Union
Third countries
TOTAL
7.13
5.87
13.00
8.19
6.59
14.78
9.53
7.52
17.05
11.70
6.02
17.72
11.74
6.23
17.97
9.45
5.37
14.82
10.29
6.10
16.39
11.37
11.36
22.73
European Union
Third countries
TOTAL
( %)
-

11.5
2.2
7.5
1.5
6.2
3.4
9.9
18.9
13.6
13.6
9.1
11.6
3.2
13.6
7.7
-17.5
-24.0
-20.5
-13.1
9.1
-3.5
-7.8
-10.8
-9.3
Imports - Arrivals
European Union
Third countries
TOTAL
12.8
-3.8
4.6
14.9
12.3
13.7
16.4
14.1
15.4
22.8
-19.9
3.9
0.3
3.5
1.4
-19.5
-13.8
-17.5
8.9
13.6
10.6
10.5
86.2
38.7
European Union
Third countries
TOTAL
: .
(1) .

22. : - , - , / ,
, 2004 - 2011(1)
Table 22. GREECE: IMPORTS - ARRIVALS, EXPORTS - DISPATCHES, BY AREA OF ORIGIN / DESTINATION,
CLUDING OIL PRODUCTS, 2004 - 2011(1)
In billion
2004
2005
2006
2007
2008
2009
2010
2011
26.05
13.17
39.22
26.37
11.86
38.23
29.04
13.70
42.74
32.95
15.55
48.50
33.92
15.64
49.56
28.07
13.65
41.72
24.23
12.59
36.82
22.00
9.95
31.95
Imports - Arrivals
European Union
Third countries
TOTAL
7.04
5.07
12.11
8.01
5.37
13.38
9.09
5.80
14.89
11.13
4.45
15.58
10.72
5.23
15.95
8.87
4.66
13.53
9.61
5.03
14.64
10.47
5.55
16.02
European Union
Third countries
TOTAL
Imports - Arrivals
European Union
Third countries
TOTAL
( %)
-

11.3
0.9
7.6
1.2
-9.9
-2.5
10.1
15.5
11.8
13.5
13.5
13.5
2.9
0.6
2.2
-17.2
-12.7
-15.8
-13.7
-7.8
-11.7
-9.2
-21.0
-13.2
12.6
-6.5
3.7
13.8
5.9
10.5
13.5
8.0
11.3
22.4
-23.3
4.6
-3.7
17.5
2.4
-17.3
-10.9
-15.2
8.3
7.9
8.2
8.9
10.3
9.4
: .
(1) .

- , ( . )
Imports - Arrivals excluding oil products (in bil. )
E - ( . )
Exports - Dispatches including oil products (in bil. )
- ( . )
Imports - Arrivals including oil products (in bil. )
40.0
15.0
12.0
30.0
European Union
Third countries
TOTAL
E - , ( . )
Exports - Dispatches excluding oil products (in bil. )
40.0
12.0
30.0
9.0
20.0
6.0
9.0
20.0
6.0
10.0
0.0
48
- European Union
- Third countries
2004
2005
2006
2007
2008
2009
2010
2011
0.0
10.0
- European Union
- Third countries
3.0
2004
2005
2006
2007
2008
2009
2010
2011
0.0
3.0
- European Union
- Third countries
2004
2005
2006
2007
2008
2009
2010
2011
0.0
- European Union
- Third countries
2004
2005
2006
2007
2008
2009
2010
2011
49
23. : - , - , / ,
, , 2008 - 2011(1)
TABLE 23. GREECE: IMPORTS - ARRIVALS, EXPORTS - DISPATCHES, BY AREA OF ORIGIN / DESTINATION,
CLUDING OIL PRODUCTS, QUARTERLY DATA, 2008 - 2011(1)
In billion
2008 Q3
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
2011 Q4(2)
8.60
7.55
16.15
8.24
6.52
14.76
6.79
5.46
12.25
6.93
5.72
12.63
7.24
5.40
12.65
7.40
5.02
12.42
6.58
6.36
12.94
6.04
5.99
12.03
5.71
5.52
11.23
6.28
5.70
11.98
5.78
5.98
11.76
5.85
5.55
11.41
5.60
5.65
11.25
5.47
3.84
9.30
Imports - Arrivals
European Union
Third countries
TOTAL
2.94
1.75
4.69
2.74
1.69
4.43
2.26
1.21
3.47
2.43
1.49
3.92
2.34
1.34
3.69
2.42
1.33
3.74
2.27
1.20
3.47
2.62
1.41
4.03
2.46
1.26
3.72
2.94
2.23
5.16
2.84
1.93
4.78
2.86
3.20
6.05
2.77
3.11
5.87
2.91
3.12
6.03
European Union
Third countries
TOTAL
( %)
-

6.2
18.8
11.8
-5.7
3.6
-1.8
-18.7
-20.1
-19.3
-24.7
-23.8
-24.4
-15.8
-28.4
-21.7
-10.1
-23.0
-15.8
-3.0
16.4
5.6
-12.7
4.7
-4.7
-21.1
2.1
-11.2
-15.1
13.6
-3.5
-12.2
-6.0
-9.1
-3.2
-7.2
-5.2
-1.9
2.3
0.2
-13.0
Imports - Arrivals
European Union
Third countries
TOTAL
6.1
12.3
8.3
-7.4
15.4
0.2
-18.8
-8.2
-15.4
-26.0
1.6
-17.4
-20.2
-23.2
-21.3
-11.7
-21.7
-15.5
0.4
-0.7
0.0
7.9
-5.1
2.9
5.1
-6.3
1.0
21.5
67.9
38.0
25.1
60.9
37.5
9.1
126.3
50.0
12.6
146.8
57.8
-0.9
: .
(1) .
(2) , , , , .
European Union
Third countries
TOTAL

(2) The data are not comparable with the corresponding quarter of the previous year, due to the fact that the "incomplete customs declarations",
relating mostly to oil products, have not yet been nalized and incorporated.
24. : - , - , / ,
, , 2008 - 2011(1)
TABLE 24. GREECE: IMPORTS - ARRIVALS, EXPORTS - DISPATCHES, BY AREA OF ORIGIN / DESTINATION,
EXCLUDING OIL PRODUCTS, QUARTERLY DATA, 2008 - 2011(1)
In billion
2008 Q3
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
8.47
3.94
12.41
8.12
4.08
12.20
6.75
3.71
10.46
6.86
3.89
10.75
7.15
3.16
10.32
7.33
2.87
10.20
6.48
3.68
10.16
2.66
1.46
4.12
2.54
1.40
3.93
2.14
1.06
3.20
2.29
1.28
3.57
2.18
1.14
3.33
2.26
1.18
3.43
2.19
1.05
3.24
( %)
-

6.4
-2.4
3.4
-6.1
24.4
2.6
-18.4
11.3
-9.9
-24.3
-9.3
-19.5
-15.6
-19.7
-16.9
-9.7
-29.7
-16.4
-3.9
-1.0
-2.9
0.2
41.1
11.7
-8.4
12.6
-1.8
-18.8
-3.4
-14.3
-21.3
1.8
-14.3
-17.8
-21.7
-19.2
-11.1
-16.2
-12.7
2.3
-0.8
1.3
: .
(1) .
10.0
- , ( . )
Imports - Arrivals including oil products (in bil. )
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011 Q3
2011 Q4(2)
5.96
3.32
9.28
5.60
2.69
8.29
6.17
2.91
9.08
5.69
2.80
8.49
5.68
2.61
8.30
5.44
2.37
7.81
5.19
2.17
7.35
Imports - Arrivals
European Union
Third countries
TOTAL
2.39
1.24
3.63
2.33
1.05
3.38
2.71
1.68
4.38
2.67
1.10
3.77
2.66
1.42
4.07
2.56
1.39
3.95
2.58
1.65
4.23
European Union
Third countries
TOTAL
-13.0
-14.7
-13.6
-21.6
-15.0
-19.6
-15.8
1.5
-10.9
-12.2
-23.9
-16.4
-4.7
-21.2
-10.6
-2.9
-11.9
-5.8
-16.0
-25.6
-19.1
4.4
-2.8
1.8
6.8
-8.2
1.7
20.0
42.6
27.7
21.9
5.0
16.2
11.2
14.2
12.0
9.9
32.4
16.8
-4.7
-1.6
-3.5
Imports - Arrivals
European Union
Third countries
TOTAL
European Union
Third countries
TOTAL

4.0
8.0
3.0
6.0
2.0
E - , ( . )
Exports - Dispatches including oil products (in bil. )
10.0
- , ( . )
Imports - Arrivals excluding oil products (in bil. )
4.0
E - , ( . )
Exports - Dispatches excluding oil products (in bil. )
- European Union
- Third countries
8.0
- European Union
- Third countries
3.0
6.0
2.0
4.0
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2011 Q4
2011 Q3
2011 Q2
2010 Q4
2011 Q1
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
0.0
2008 Q4
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q3
2010 Q2
2010 Q1
2009 Q4
2009 Q3
2009 Q2
2009 Q1
2008 Q4
2011 Q4
2011 Q3
2011 Q2
2011 Q1
2010 Q4
2010 Q2
2010 Q3
2010 Q1
2009 Q3
2009 Q4
2009 Q2
2008 Q4
2009 Q1
2008 Q3
50
0.0
2008 Q3
0.0
2.0
1.0
2.0
- European Union
- Third countries
2008 Q3
1.0
- European Union
- Third countries
2008 Q3
4.0
51
25. : - , - ,
/ , , 2004 - 2011(1)
Table 25. GREECE: IMPORTS - ARRIVALS, EXPORTS - DISPATCHES,
BY AREA OF ORIGIN / DESTINATION, INCLUDING OIL PRODUCTS, 2004 - 2011(1)

In billion
2004
(2)
Value
6.02
2.30
6.05
1.42
2.48
2.99
1.72
1.65
1.78
18.04
1.77
1.33
0.63
0.78
1.04
0.55
0.65
0.63
0.38
5.23
2010
Percent of
total
13.5
5.2
13.6
3.2
5.6
6.7
3.9
3.7
4.0
40.6
13.6
10.3
4.9
6.0
8.0
4.2
5.0
4.8
2.9
40.2
Value
5.06
4.79
4.64
2.88
2.54
2.36
1.84
1.63
1.45
21.01
1.80
1.77
1.18
1.06
0.86
0.86
0.66
0.62
0.60
6.98
: .
(1) .
(2)
, , 2010.
(3) ,
, , , .
2011(3)
Percent of
total
10.5
9.9
9.6
6.0
5.3
4.9
3.8
3.4
3.0
43.6
11.0
10.8
7.2
6.5
5.3
5.2
4.0
3.8
3.7
42.6
Value
4.60
4.10
4.00
2.58
2.36
2.18
1.05
1.58
1.35
19.92
1.76
2.12
1.37
1.24
0.89
1.78
1.23
0.65
0.60
11.09
Percent of
total
Countries(2)
10.5
9.4
9.2
5.9
5.4
5.0
2.4
3.6
3.1
45.6
Imports - arrivals
Germany
Russia
Italy
China
Netherlands
France
South Korea
Belgium
Spain
Other countries
7.8
9.3
6.0
5.5
3.9
7.8
5.4
2.9
2.6
48.8
Exports - dispatches
Germany
Italy
Cyprus
Bulgaria
United Kingdom
Turkey
USA
France
Romania
Other countries

(2) The countries are ranked in descending order according to the imports and exports,respectively, of 2010.
(3)The data may not be comparable with the corresponding data of the
previous year,due to the fact that the "incomplete customs declarations", relating mostly to imports of oil products, have not yet
been nalized and incorporated.
-
Imports - arrivals
-
Exports - dispatches
2004
2004
- Spain
4.0%
- Belgium
3.7%

Other countries
40.6%
. - S. Korea
3.9%
- France
6.7%
- Italy
10.3%
- Cyprus
4.9%
Netherlands
5.6%
- Bulgaria
6.0%
- China
3.2%
- Germany
13.5%
- Russia
5.2%
- Italy
13.6%
- Romania
2.9%
- France
4.8%
2010
- Spain
3.0%
- Belgium
3.4%
. - S. Korea
3.8%
- France
4.9%
Netherlands
5.3%

Other countries
43.6%
- Germany
10.5%
- Italy
9.6%
- China
5.9%
- Italy
9.2%
- Germany
11.0%

Other countries
42.6%
- Italy
10.8%
- Cyprus
7.2%
- China
6.0%
- Spain
3.1%
- Belgium
3.6%
. - S. Korea
2.4%
- France
5.0%
Netherlands
5.4%
- USA
5.0%

United Kingdom
8.0%
- Turkey
4.2%
2010
- Russia
9.9%
- Romania
3.7%
- France
3.8%
2011
52
- Germany
13.6%

Other countries
40.2%
- Bulgaria
6.5%

United Kingdom
5.3%
- Turkey
5.2%
- USA
4.0%
2011

Other countries
45.6%

Other countries
48.8%
- Germany
7.8%
- Italy
9.3%
- Cyprus
6.0%
- Germany
10.5%
- Russia
9.4%
- Romania
2.6%
- Bulgaria
5.5%

United Kingdom
3.9%
- Turkey
7.8%
- USA
5.4%
- France
2.9%
53
26. : - , (1), 2004 - 2011(2)
Table 26. GREECE: IMPORTS - ARRIVALS, BY MAIN PRODUCT CATEGORIES ACCORDING TO SITC(1), 2004 - 2011(2)
In billion
(0-4)
, , (0+1)
(2+4)
(3)
(5-8)
(5)
(7)
(6+8)
(9)
( %)
(0-4)
, , (0+1)
(2+4)
(3)
(5-8)
(5)
(7)
(6+8)
(9)
2004
2005
2006
2007
2008
2009
2010
2011(3)
44.47
11.44
4.79
1.25
5.41
32.93
5.94
15.41
45.99
14.21
4.99
1.28
7.94
31.70
6.53
13.38
52.26
16.43
5.27
1.44
9.73
35.66
7.11
14.88
58.32
17.71
5.88
1.86
9.98
40.16
7.86
16.81
11.58
0.10
11.78
0.08
13.67
0.17
15.49
0.44
62.80
21.72
6.18
2.01
13.54
40.96
8.42
16.72
15.83
0.11
49.94
15.40
5.77
1.24
8.39
34.50
7.75
14.93
11.82
0.04
48.19
18.69
5.55
1.42
11.71
29.46
7.30
11.50
10.66
0.03
43.72
19.35
5.66
1.69
12.00
24.35
6.87
8.06
9.42
0.02
7.4
6.5
5.2
10.3
6.9
8.2
11.3
4.8
3.4
24.2
4.2
2.6
46.9
-3.7
10.0
-13.2
13.6
15.6
5.6
12.0
22.5
12.5
8.9
11.2
11.6
7.8
11.5
29.2
2.6
12.6
10.5
13.0
7.7
22.6
5.1
8.1
35.7
2.0
7.1
-0.6
-20.5
-29.1
-6.5
-38.0
-38.1
-15.8
-7.9
-10.7
-3.5
21.4
-3.8
14.5
39.7
-14.6
-5.8
-23.0
-9.3
3.5
1.9
18.6
2.4
-17.4
-6.0
-29.9
Total
Primary goods (0-4)
Food, drinks and tobacco (0+1)
Raw materials (2+4)
Energy products (3)
Manufactured goods (5-8)
Chemicals (5)
Machinary and transport equipment (7)
11.3
-53.8
1.8
-15.2
16.0
108.6
13.3
162.3
2.2
-74.6
-25.3
-64.2
-9.8
-14.8
-11.7
-39.2
Other manufactured goods (6+8)

Products not elsewhere classied (9)
: .
(1) TTE: T T () E.
(2) .
(3) , , , , .
- , ( . )
Imports - arrivals by main product categories (in bil. )
45.0
35.0
25.0
- Primary goods
- Manufactured goods
5.0
2004
2005
2006
2007
2008
2009
2010
2011
12.0
16.0
10.0
14.0
8.0
12.0
6.0
10.0
, , - Food, drinks and tobacco
- Raw materials
- Energy products
2.0
0.0
2004
2005
2006
2007
2008
2009
2010
2011
-
( %)
Imports - arrivals of primary goods (y-o-y change %)
54
4.0
2004
2005
2006
2007
2008
2009
2010
2011
-
( %)
Imports - arrivals of manufactured goods (y-o-y change %)
5.0
10.0
-5.0
-10.0
-10.0
-30.0
6.0
15.0
0.0
-20.0
8.0
- Chemicals

Machinary and transport equipment
- Other manufactured goods
25.0
30.0
10.0
- ( . )
Imports - arrivals of manufactured goods (in bil. )
18.0
50.0
20.0

(1) SITC: Standard International Trade Classication.
14.0
- ,
( %)
Imports - arrivals, by main product categories (y-o-y change %)
30.0
- ( . )
Imports - arrivals of primary goods (in bil. )
4.0
15.0
Total
Primary goods (0-4)
Raw materials (2+4)
Energy products (3)
Chemicals (5)
Machinery and transport equipment (7)
-30.0
- Primary goods
2004
2005
2006
2007
2008
2009
2010
2011
-50.0
-15.0
, ,
Food, drinks and tobacco
- Raw materials
- Energy products
2004
2005
2006
2007
2008
2009
-25.0
2010
2011
-35.0
- Chemicals

Machinary and transport equipment
2004
2005
2006
2007
2008
2009
2010
2011
55
27. : - , (1), 2004 - 2011(2)
Table 27. GREECE: EXPORTS - DISPATCHES, BY MAIN PRODUCT CATEGORIES ACCORDING TO SITC(1), 2004 - 2011(2)
In billion
(0-4)
, , (0+1)
(2+4)
(3)
(5-8)
(5)
(7)
(6+8)
(9)
( %)
(0-4)
, , (0+1)
(2+4)
(3)
(5-8)
(5)
(7)
(6+8)
(9)
2004
2005
2006
2007
2008
2009
2010
2011(3)
13.00
4.31
2.49
0.90
0.91
8.37
1.77
1.68
14.78
5.48
2.89
1.18
1.41
8.94
2.17
1.82
17.05
6.66
3.06
1.41
2.18
9.94
2.29
2.16
17.72
6.58
3.24
1.18
2.16
10.52
2.42
2.23
17.97
6.68
3.48
1.16
2.05
10.81
2.34
2.47
14.82
5.94
3.51
1.07
1.36
8.60
2.11
1.97
16.39
6.71
3.64
1.24
1.83
9.21
2.37
1.96
22.73
11.81
3.80
1.19
6.83
10.25
2.35
2.14
4.92
0.32
4.95
0.36
5.49
0.45
5.87
0.61
5.99
0.48
4.52
0.27
4.89
0.47
5.76
0.67
4.6
-1.8
-2.3
-15.8
-82.0
7.3
15.2
5.7
13.7
27.2
15.7
31.1
54.5
6.8
22.0
8.8
15.4
21.5
5.9
19.7
54.9
11.3
5.9
18.4
3.9
-1.1
5.9
-16.5
-1.0
5.8
5.6
3.2
1.4
1.5
7.3
-2.1
-5.3
2.7
-3.4
11.1
-17.5
-11.0
1.0
-7.7
-33.4
-20.4
-9.7
-20.3
10.6
13.0
3.6
16.3
34.3
7.1
11.9
-0.4
38.7
76.0
4.3
-4.2
272.9
11.2
-0.8
9.1
5.3
34.4
0.6
12.3
10.9
24.4
7.0
36.1
2.0
-21.8
-24.6
-42.8
8.1
69.8
17.9
44.1
: .
(1) TTE: T T () E.
(2) .
(3) , , , , .
- , ( . )
Exports - dispatches, by main product categories (in bil. )
5.0
10.0
8.0
6.0
- Primary goods
4.0
2.0
2004
2005
2006
2007
2008
2009
2010
2011
3.0
3.0
2.0
2.0
1.0
1.0
0.0
2004
2005
2006
2007
2008
2009
2010
2011
-
( %)
Exports - dispatches of primary goods (y-o-y change %)
200.0
40.0
100.0
-40.0
56
2005
2006
2007
2008
2009
2010
2011
-100.0
2007
2008
2009
2010
2011
20.0
-10.0
-20.0
-50.0
2004
2006
-
( %)
Exports - dispatches of manufactured goods (y-o-y change %)
0.0
-20.0
2005
0.0
50.0
0.0
2004
10.0
150.0
20.0
0.0
- Chemicals

Machinery and transport equipment
30.0
- Raw materials
- Energy products
250.0
- Primary goods
5.0
4.0
300.0
60.0
6.0
4.0
- ,
( %)
Exports - dispatches, by main product categories (y-o-y change %)
80.0
- ( . )
Exports - dispatches of manufactured goods (in bil. )
7.0

- Raw materials
- Energy products
6.0
12.0
Total
Primary goods (0-4)
Raw materials (2+4)
Energy products (3)
Chemicals (5)

(1) SITC: Standard International Trade Classication.
- ( . )
Exports - dispatches of primary goods (in bil. )
7.0
14.0
Total
Primary goods (0-4)
Raw materials (2+4)
Energy products (3)
Chemicals (5)
2004
2005
2006
2007
2008
2009
2010
2011
-30.0
- Chemicals

Machinery and transport equipment
2004
2005
2006
2007
2008
2009
2010
2011
57
28. : (), 2006 - 2012

Table 28. GREECE: AGGREGATED BALANCE SHEET OF MONETARY FINANCIAL INSTITUTIONS (MFIs), 2006 - 2012
In billion
./Dec.
2006
./Dec.
2007
./Dec.
2008
./Dec.
2009
./Dec.
2010
./Dec.
2011

( )

()

(1)

356.9
2.6
4.6
51.3
182.3
177.5
20.7
156.9
4.8
73.9
36.6
5.6
434.8
2.7
7.2
76.8
213.9
205.7
22.0
183.7
8.2
83.8
45.2
5.2
536.3
2.7
7.9
130.3
235.0
222.4
22.0
200.4
12.6
96.1
59.1
5.2
579.9
2.5
8.2
163.2
222.8
209.8
20.3
189.5
13.0
116.7
61.1
5.4
654.3
2.1
10.6
187.9
289.0
282.5
26.3
256.2
6.5
99.3
60.3
5.0
646.1
2.4
5.1
146.8
275.9
269.5
22.3
247.2
6.4
93.0
117.9
5.0
650.2
2.5
6.9
182.2
280.6
274.0
21.2
252.8
6.6
96.5
76.4
4.9
642.1
2.3
6.4
174.7
278.6
272.1
21.1
251.0
6.5
(7)
89.9
85.2
4.9
649.6
2.2
6.0
157.1
279.5
272.8
21.2
251.5
6.7
94.2
105.6
4.9
649.1
2.6
3.6
151.5
277.1
270.8
21.1
249.7
6.3
93.7
115.9
4.8
652.2
2.3
5.5
146.4
276.8
270.5
21.8
248.7
6.4
94.1
122.2
4.9
646.1
2.4
5.1
146.8
275.9
269.5
22.3
247.2
6.4
93.0
117.9
5.0
636.3
2.1
3.2
140.9
275.4
268.8
21.1
247.7
6.6
86.7
123.1
4.9
688.9
2.2
30.9
113.1
271.7
265.3
19.9
245.5
6.4
90.0
176.1
4.9
Total Assets
Cash (held by credit institutions)
Claims on Bank of Greece
Claims on the other MFIs
Claims (Loans) on non-MFIs
Domestic
General government
Other sector(1)
Other countries
Securities other than shares and derivatives
Other assets
Fixed assets
356.9
4.9
57.9
213.2
181.8
31.4
25.6
16.0
39.4
434.8
8.8
88.0
249.9
206.1
43.8
29.7
16.9
41.4
536.3
40.6
121.9
282.0
237.4
44.5
29.0
19.0
43.9
579.9
49.7
149.4
280.8
246.7
34.1
40.5
21.6
37.8
654.3
97.8
164.7
282.5
225.1
57.4
45.8
22.5
40.9
646.1
76.9
155.4
237.4
187.7
49.7
54.8
23.7
97.9
650.2
96.4
161.3
262.0
209.6
52.5
47.6
22.9
60.0
642.1
93.2
159.9
255.8
202.6
53.2
48.6
22.7
61.8
649.6
78.2
163.4
251.5
195.6
55.8
49.2
22.9
84.4
649.1
74.8
162.7
242.6
187.5
55.1
49.3
23.1
96.6
652.2
73.9
164.8
237.5
184.6
53.0
50.3
23.2
102.5
646.1
76.9
155.4
237.4
187.7
49.7
54.8
23.7
97.9
636.3
73.9
153.9
234.6
183.3
51.4
48.0
23.2
102.5
688.9
50.8
182.6
227.7
178.2
49.4
46.6
23.2
158.1
Total Liabilities
Liabilities to Bank of Greece
Liabilities to other MFIs
Deposits and repos of non-MFIs
Domestic
Other countries
Capital and reserves
Banknotes and coins in circulation
Other liabilities

3
(2)(3)(4)
(2)(5)
193.6
179.5
53.8
219.9
215.4
48.6
251.4
249.7
48.2
261.1
249.7
63.0
232.9
257.8
78.2
199.2
248.5
74.3
211.5
254.2
77.0
212.9
252.5
(4)72.4
207.7
252.9
73.0
200.8
251.1
72.6
198.1
250.0
73.6
199.2
248.5
74.3
194.0
249.1
67.1
189.1
246.8
69.1
Money and credit

M3
Credit to the private sector(2)(3)(4)
Credit to General Government sector(2)(5)
11.5
10.6
21.1
-2.7
13.8
14.4
21.5
-8.8
12.4
13.5
15.9
1.3
4.1
4.8
4.2
19.4
-11.2
-9.8
0.0
28.3
-14.6
-18.1
-3.1
2.3
-9.6
-7.5
-1.2
4.0
-9.0
-10.3
-1.3
4.0
-12.0
-16.5
-2.2
3.7
-14.3
-18.4
-2.2
2.2
-14.5
-18.0
-2.4
2.5
-14.6
-18.1
-3.1
2.3
-15.4
-19.2
-3.3
1.9
-16.8
-21.0
-3.8
6.6
(Annual change %)
M3
(6)
Domestic deposits
Credit to the private sector(3)(4)(6)
Credit to General Government sector(5)(6)
( %)
3
(6)

(3)(4)(6)
(5)(6)
I./July
2011
: .
(1) 2010,
. . .
(2) .
.
(3) 2010, ,
, . ,
.
(4) 2010, .
(5) (
2010) 2009.
(6) ,
, .
(7) 2011, 4,2 . ,
21 2011.
58
./Aug.
2011
./Sept.
2011
./Oct.
2011
./Nov. ./Dec.
2011
2011
./Jan.
2012
./Feb.
2012
Source: Bank of Greece.

(1) From June 2010 onwards, securitized assets are no longer derecognised from the Balance Sheet of the Banks that have adopted the International
Accounting Standards. These securitized assets are no longer subtracted from the Assets of the Balance Sheet. Correspondingly, on the Liabilities
side, securitization obligations are included in the category "deposits from the non-euro area non-MFIs".
(2) Credit to domestic non-MFI residents by domestic MFIs, including securitized loans and corporate bonds.
(3) From June 2010 onwards, loans to sole proprietors are not included in loans to corporations but they are registered in a separate sub-category
of loans. Moreover, loans to religious institutions are included in loans to private non-prot institutions.
(4) From June 2010, non-tradable corporate bonds are included in loans rather than in dept securities.
(5) The data have been revised, thus from December 2009 loans to public corporations which have been reclassied from the private to the public
sector (in compliance with a Decision issued by ELSTAT in November 2010) are included in "loans to General Government".
(6) Growth rates are calculated on the basis of the dierences of outstanding amounts adjusted for reclassications, revaluations, exchange rate
valuation dierences and other changes which do not arise from transactions.
(7) In August 2011, domestic credit institutions registered a reduction of EUR 4.2 bil. in the value of their portfolio of Greek Government bonds,
because of their participation in the bonds exchange programme agreed by the EU Summit on 21 July 2011.
59
29.
TABLE 29. SELECTED ECONOMIC INDICATORS OF THE EUROZONE COUNTRIES
(%),

Real GDP growth rate

Latest quarter
Annual changes (%), unless otherwise indicated
1.4
1.2
1.3
2.0
(2)-7.5
5.1
1.0
0.3
-0.4
-0.7
0.8
0.0
-0.2
-2.8
3.4
-1.5
1.4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
3.1
1.9
1.7
3.0
-6.9
7.6
0.7
0.7
0.4
0.5
1.6
2.1
1.2
-1.6
3.3
-0.2
2.9

Latest quarter
Year
Year
-2.6
-3.7
-5.2
-1.0
-9.1
1.0
-13.1
-8.5
-3.9
-6.3
-0.6
-2.7
-4.7
-4.2
-4.8
-6.4
-0.5
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

General Government
total Revenue

General Government
total Expeditures
(1)
General Government
overall Balance(1)
-1.5
7.3
1.2
1.9
-9.1
17.7
-36.7
-1.6
0.2
11.0
7.6
-0.9
-0.6
-12.6
-3.0
-4.5
2.2
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
Year
1.0
5.1
2.1
-1.0
-5.6
5.0
-26.8
-2.3
0.5
4.5
5.3
3.7
0.2
-5.5
-1.9
2.0
3.7

Latest quarter
4.7
5.3
5.9
3.8
0.2
8.3
-4.2
-1.8
2.9
4.2
0.6
7.7
-5.1
13.3
6.2
-3.2
5.8
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
(1)
General Government
gross debt(1)
Year
4.7
5.3
5.9
6.3
-2.4
7.1
0.5
-1.1
1.9
2.3
5.9
6.2
0.8
6.8
5.7
1.2
7.6
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest quarter
72.2
98.0
86.0
81.2
165.3
6.0
108.2
68.5
120.1
71.6
18.2
72.0
65.2
107.8
43.3
47.6
48.6
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4

(1)
Current account
balance(1)
Year
72.2
98.0
86.0
81.2
165.3
6.0
108.2
68.5
120.1
71.6
18.2
72.0
65.2
107.8
43.3
47.6
48.6
Year
1.9
-0.8
-2.2
5.7
-9.8
3.2
0.1
-3.5
-3.2
-10.4
7.3
-3.1
9.2
-6.4
-1.1
0.1
-0.7
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
29. ()

Imports of goods

Latest quarter
7.1
2.7
6.1
7.2
-22.4
17.8
1.4
-2.0
-2.3
-14.7
9.2
24.8
3.4
-10.2
2.1
1.6
8.1
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4

Exports of goods
Year
14.4
11.7
11.5
13.2
-9.3
36.5
5.1
9.0
9.0
-4.3
9.0
13.2
10.4
1.1
12.3
13.2
16.1

Latest quarter
3.8
5.5
6.1
5.7
16.8
15.3
3.3
5.8
5.7
9.7
-0.8
23.1
3.3
11.9
5.0
8.5
-9.6
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
-0.7
-4.7
-1.3
-0.1
-8.5
1.3
-3.2
-5.1
-6.8
-12.9
-11.1
-11.4
6.7
-7.3
8.4
-0.4
-1.7
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
Year
7.3
4.2
2.4
7.6
-8.8
16.6
0.0
-1.4
0.1
-7.7
-2.4
1.2
-0.7
-2.0
7.2
1.9
1.3
(2) (3)
Retail trade volume(2) (3)

Latest month
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
: , Eurostat, , , .
(1) % .
(2) .
(3) .
60
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
11.1
11.1
8.4
11.4
38.7
37.5
3.8
15.6
11.4
24.0
5.0
8.8
9.6
15.1
13.3
16.8
8.0
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
Austria
Belgium
France
Germany
Greece
Estonia
Ireland
Spain
Italy
Cyprus
Luxembourg
Malta
Netherlands
Portugal
Slovenia
Slovakia
Finland
()(2) (3)
Industrial production index (volume)(2) (3)

Latest month
2011Q4
Year
TABLE 29. SELECTED ECONOMIC INDICATORS OF THE EUROZONE COUNTRIES (continued)
(%),
2011Q4
Countries
-0.2
4.7
0.2
-2.3
-13.0
15.3
-1.4
-6.4
-2.2
-1.9
2.3
1.4
-4.4
-8.8
2.0
-0.7
6.2
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
2011M02
Year
-1.2
0.8
2.7
1.1
-10.2
4.3
-2.4
-6.2
-1.8
0.8
8.1
-0.1
-1.5
-6.8
-2.8
1.7
2.2
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
HICP

Latest month
2.7
3.1
2.6
2.3
1.4
4.7
2.2
1.8
3.8
3.5
2.9
2.4
2.9
3.1
3.9
2.4
2.9
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
2011M03
Year
3.6
3.5
2.3
2.5
3.1
5.1
1.2
3.1
2.9
3.5
3.7
2.4
2.5
3.6
4.1
2.1
3.3
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

Unemployment rate

Latest quarter
4.3
7.1
9.7
5.4
20.7
11.4
14.3
22.9
9.6
8.9
4.7
6.6
4.8
14.2
14.0
8.7
6.9
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
Deposit liabilities
Year
4.2
7.2
9.3
5.9
17.7
12.5
14.4
21.7
8.4
7.8
4.9
6.5
4.4
12.9
13.5
8.2
7.8
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest quarter
5.1
2.1
8.2
4.0
-17.0
6.2
-4.3
-4.3
1.4
2.5
2.7
11.7
4.3
0.5
3.3
6.3
10.3
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1

Loans to private sector
Year
4.4
1.5
7.0
3.8
-16.7
7.9
-6.1
-3.0
-3.5
-0.7
5.0
12.6
4.4
2.7
2.5
3.8
8.5
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest quarter
1.6
2.6
2.1
2.5
-4.1
-2.6
-4.8
-1.8
0.5
5.4
-1.1
5.5
-0.7
-4.5
-2.8
8.1
8.9
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
Countries
Year
2.0
-1.4
2.4
2.0
-3.3
-3.5
-4.7
-1.9
1.0
8.1
1.5
3.0
4.1
-3.3
-2.3
9.3
8.5
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
Austria
Belgium
France
Germany
Greece
Estonia
Ireland
Spain
Italy
Cyprus
Luxembourg
Malta
Netherlands
Portugal
Slovenia
Slovakia
Finland
Source: ELSTAT, Eurostat, ECB, OECD, national ocial websites.

(1) % of GDP.
(2) Non-seasonally adjusted data.
(3) Data adjusted on the basis of a typical month.
61
30. -
TABLE 30. SELECTED ECONOMIC INDICATORS OF THE MAIN IMPORTERS OF GREEK PRODUCTS
(%),
(1)

Real GDP growth rate

Latest quarter
2.0
-0.4
-0.7
1.6
0.5
(3)5.2
1.6
1.3
2.2
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
3.0
0.4
0.5
1.7
0.7
8.5
1.7
1.7
2.5

Latest quarter
Year
Year
-1.0
-3.9
-6.3
-2.1
-8.3
0.3
-9.6
-5.2
-5.2
2011
2011
2011
2011
2011
2011
2011
2011
2011

General Government
total Revenue

General Government
total Expeditures
(2)
General Government
overall Balance(2)
1.9
0.2
11.0
1.9
0.7
18.5
-1.0
1.2
15.3
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4

Latest quarter
Year
-1.0
0.5
4.5
0.4
0.4
2011
2011
2011
2011
2011
2011Q1
2011Q4
2011Q4
2011Q4
0.5 2011
2.1 2011
3.8 2011
3.8
2.9
4.2
5.3
5.0
30.8
6.0
5.9
5.3
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
(2)
General Government
gross debt(2)
Year
6.3
1.9
2.3
3.0
4.6
2011
2011
2011
2011
2011
2011Q1
2011Q4
2011Q4
2011Q4
5.3 2011
5.9 2011
7.7 2011

Latest quarter
81.2
120.1
71.6
16.3
85.7
39.4
102.9
85.8
33.3
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4

(2)
Current account
balance(2)
Year
81.2
120.1
71.6
16.3
85.7
39.4
102.9
85.8
33.3
Year
5.7
-3.2
-10.4
0.9
-1.9
-9.8
-3.1
-2.2
-4.4
2011
2011
2011
2011
2011
2011
2011
2011
2011

Imports of goods

Latest quarter
7.2
-2.3
-14.7
12.6
5.4
7.6
3.7
6.1
10.0
2011
2011
2011
2011
2011
2011
2011
2011
2011
30. -
()
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4

Greek exports
Year
13.2
9.0
-4.3
21.3
8.1
29.8
3.6
11.5
17.0

Latest quarter
-6.6
1.6
-11.7
4.7
-0.1
48.2
-14.0
-7.4
-5.9
2011
2011
2011
2011
2011
2011
2011
2011
2011
(1)

Latest quarter
5.7
5.7
9.7
19.7
9.2
10.3
2.7
6.1
10.2
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
11.4
11.4
24.0
30.0
11.1
18.5
4.7
8.4
20.6
Industrial production index

(volume)(3) (4)
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest month
-0.1
-6.8
-12.9
-5.5
-3.1
1.6
(5)4.2
-1.3
-1.9
2012M02
2012M02
2012M02
2012M02
2012M02
2012M02
2012M02
2012M02
2012M02
Year
7.6
0.1
-7.7
5.9
-1.1
8.2
4.0
2.4
6.0
2011
2011
2011
2011
2011
2011
2011
2011
2011
(3) (4)
Retail trade volume(3) (4)

Latest month
-2.3
-2.2
-1.9
-6.4
1.9
(5)
2012M02
2012M02
2012M01
2012M02
2012M02
3.4 2012M02
0.2 2012M02
2.0 2012M02
Year
1.1
-1.8
0.8
-1.9
1.8
2011
2011
2011
2011
2011
4.7 2011
2.7 2011
-2.1 2011

HICP

Latest month
2.3
3.8
3.5
1.7
3.4
10.5
3.2
2.6
2.5
: , Eurostat, , , , .
(1) 2010.
(2) % .
(3) .
(4) .
(5) .
(6) .
(7) .
(8) 2 ( ).
(9) .
(10) ( ) (Deposit Money Banks).
(11) T (Deposit Money Banks).
(12) ( ) .
(13) ( ) .
(14) 2.
(15) .
62
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
-2.0
20.0
15.8
17.0
3.3
108.1
86.8
4.2
-1.0
2011
2011
2011
2011
2011
2011
2011
2011
2011
Germany
Italy
Cyprus
Bulgaria
United Kingdom
Turkey
United States
France
Romania

()(3) (4)
Year
2011Q4
Year
TABLE 30. SELECTED ECONOMIC INDICATORS OF THE MAIN IMPORTERS

OF GREEK PRODUCTS (continued)
(%),

Exporta of goods
2011Q4
Countries(1)
2012M03
2012M03
2012M03
2012M03
2012M02
2012M03
2012M02
2012M03
2012M03
Year
2.5
2.9
3.5
3.4
4.5
6.5
3.8
2.3
5.8
2011
2011
2011
2011
2011
2011
2011
2011
2011

Unemployment rate

Latest quarter
5.4
9.6
8.9
11.4
8.2
8.1
8.6
9.7
7.7
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2011Q4
2012Q1
2011Q4
2011Q4
Deposit liabilities
Year
5.9
8.4
7.8
11.2
8.0
8.8
8.9
9.3
7.4
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest quarter
4.0
1.4
2.5
(6)11.5
(8)-3.1
(10)9.8
(12)7.9
8.2
(14)9.3
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1

Loans to private sector
Year
3,8
-3,5
-0,7
(6)13,0
(8)-2,3
(10)15,7
(12)6,9
7,0
(14)5,2
2011
2011
2011
2011
2011
2011
2011
2011
2011

Latest quarter
2,5
0,5
5,4
(7)-0,9
(9)-3,2
(11)27,4
(13)4,6
2,1
(15)10,0
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
2012Q1
Countries(1)
Year
2,0
1,0
8,1
(7)3,4
(9)-4,4
(11)34,7
(13)2,1
2,4
(15)6,6
2011
2011
2011
2011
2011
2011
2011
2011
2011
Germany
Italy
Cyprus
Bulgaria
United Kingdom
Turkey
United States
France
Romania
Source: ELSTAT, Eurostat, ECB, OECD, IMF, national ocial websites.

(1) The countries are ranked in descending order according to the exports of Greece for the year 2010.
(2) % of GDP.
(3) Non-seasonally adjusted data.
(4) Data adjusted on the basis of a typical month.
(5) Seasonally adjusted data.
(6) Deposits of residents excluding MFIs and Central Government.
(7) Loans to residents excluding MFIs and Central Government.
(8) Deposits in M2 (EMU aggregate).
(9) Loans of MFIs to Private Sector.
(10) Deposits of resident Private Sector and non-Central Government in Deposit Money Banks.
(11) Loans of Deposit Money Banks to Private Sector.
(12) Deposits (excluding interbank) in Commercial Banks in the USA.
(13) Loans and leases in bank credit (excluding interbank) by Commercial Banks in the USA.
(14) Deposits in M2.
(15) Loans by other MFIs to Private Sector.
63

Greek Economy 28 05 2012

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EHNIKH HMOKPATIA

Table 1. Selected conomic ndicators, 2001 - 2011

Table 3. Gross Domestic Product at constant prices of 2005,

Table 19. External trade balance, 2004 - 2011

Table 1. GREECE: SELECTED ECONOMIC INDICATORS, 2001 - 2011(8)

(% change, unless otherwise indicated)

Source: ELSTAT, unless otherwise indicated.

Table 2. GREECE: GROSS DOMESTIC PRODUCT AT CURRENT PRICES, 2000 - 2011(1)

GROSS DOMESTIC PRODUCT at market prices

Source: National Accounts Division ELSTAT.

3. : 2005, 2000 - 2011(1)

GROSS DOMESTIC PRODUCT at market prices

Source: National Accounts Division ELSTAT.

Table 4. GREECE: GROSS DOMESTIC PRODUCT, 2001 - 2011(1)

Annual volume changes (%)

Source: National Accounts Division ELSTAT.

Table 5. GREECE: GROSS DOMESTIC PRODUCT, QUARTERLY DATA, 2008 - 2011(1)

In million . At current prices. on-seasonally adjusted data

GROSS DOMESTIC PRODUCT at market prices

Source: National Accounts Division ELSTAT.

Table 6. GREECE: GROSS DOMESTIC PRODUCT, QUARTERLY DATA, 2008 - 2011(1)

In million . At constant prices of 2005. on-seasonally adjusted data

GROSS DOMESTIC PRODUCT at market prices

Source: National Accounts Division ELSTAT.

Table 7. GREECE: GROSS DOMESTIC PRODUCT, QUARTERLY DATA, 2008 - 2011(1)

Source: National Accounts Division ELSTAT.

GROSS DOMESTIC PRODUCT at market prices

Year-on-year change (%)

Gross Savings / Investment

Savings - Investment Balance

Use of foreign savings (Sp-Ip)+(Sg-Ig)(3)

Unit labour cost(3)

Source: National Accounts Division ELSTAT.

Source: National Accounts Division ELSTAT.

Compensation per employee(2)

- Use of foreign savings

Source: National Accounts Division ELSTAT.

Use of foreign savings (Sp-Ip)+(Sg-Ig)(3)

- Compensation per employee

11. : , 2000 - 2011(1)

Table 11. GREECE: MAIN AGGREGATES OF GENERAL GOVERNMENT, 2000 - 2011(1)

Gross debt (Maastricht)(5)

(As percentage of GDP)(6)

Gross debt (Maastricht)(5)

Source: National Accounts Division ELSTAT.

( ) - Total Revenue (left scale)

( ) - Primary expenditure (left scale)

12. : , , 2009 - 2011(1)

29,557 Total expenditure

767 Primary balance

(As percentage of total Expenditure)

Year-on-year percent change(4)

355,616 Gross debt (Maastricht)(3)

-9.1 Total expenditure

Source: National Accounts Division ELSTAT.

- Taxes on production and imports

13. : , 2000 - 2011

Table 13. GREECE: GENERAL GOVERNMENT DEBT, 2000 - 2011

Nominal value of debt outstanding at the end of year

Currency and deposits

(As percentage of Debt)

Source: National Accounts Division ELSTAT.

- Currency and deposits